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BTC.D Bitcoin Dominance Telling us the Story
In yesterday's video (red arrow), I alluded to this descending wedge on our dominance chart. I expected us to break to the upside and through overhead resistance (red level). We have. You can see from the 4hr. chart that this occurred shortly after the video was released. Now, through March, I expect us to reside above our red support and below the purple descending trendline. Should we break above the purple descending resistance, we could rise even further very quickly and traject all the way up to our 47% resistance level, meaning Bitcoin should remain dominant and lead the way through these uncertain times.
Best to you all,