Market Cap BTC Dominance, %
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$BTC.D (1-hour): RISING WEDGE breakdown, BEAR RSI divs

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More bearish news for the almighty BTC DOMINANCE chart popping up on the HOURLY chart.

RISING WEDGE breakdown has started, targetting 58.4%. BEAR RSI divergences again and again.

This ticker has been losing steam, and I'm not one bit surprised. WAVE 5 seems complete and we are likely seeing the beggining of a REVERSAL to the downside.

Last HIGH was only subtle, I can even call it an EQUAL HIGH, so we have got a DOUBLE TOP with a neckline (breakdown level) at 58.95%.

Cross below the neckline and there will be TWO active chart patterns BREAKDOWNS.

Huge for altcoins. 💙👽

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