Altseason soon? Rising wedge + Bearish Divergence on BTC.D chart
The Bitcoin dominance chart has been coiling up in a rising wedge for about a year now, while simultaneously seeing bearish divergence on the monthly RSI chart.
With
BTCUSD sitting near its ATHs, this potentially signals the imminent start of altseason (Q4'2024 going into 2025), given that BTC.D starts rolling down to macro support levels.
Furthermore, large caps/BTC pairs, such as
ADABTC, appear to be bottoming.
With
BTCUSD sitting near its ATHs, this potentially signals the imminent start of altseason (Q4'2024 going into 2025), given that BTC.D starts rolling down to macro support levels.Furthermore, large caps/BTC pairs, such as
ADABTC, appear to be bottoming. 
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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.