bitcoin dominance - bearish Scenario
Although there are mixed signals (Bearish and Bullish) but I am more interested in the Bearish scenario
We have a rising wedge pattern after a bullish wave (which is a sign of retracement)
This is a continuation pattern .
See my similar analysis for LINKUSDT
The order block corresponds to the 0.618 Fib
If the chart fails to rise above the resistance area, we will have a second Bearish wave
<< This scenario is invalid after closing above 782 fib >>
We have a rising wedge pattern after a bullish wave (which is a sign of retracement)
This is a continuation pattern .
See my similar analysis for LINKUSDT
The order block corresponds to the 0.618 Fib
If the chart fails to rise above the resistance area, we will have a second Bearish wave
<< This scenario is invalid after closing above 782 fib >>
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.