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NewThoughtCrypto

BTCDOM Cup and Handle Failure

Short
BTCDOMF0 / USTF0 (BITFINEX:BTCDOMUST.P)  
NewThoughtCrypto  
BITFINEX:BTCDOMUST.P   BTCDOMF0 / USTF0
Trend Analysis Chart Patterns btcdominance btcdom BTCUSDT altcoin
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trendanalysis chartpattern btcdominance btcdom btcusdt altcoin
Previously, I shared a Cup and Handle formation on BTCDOM. The target for the Cup and Handle was 500 billion.
Yesterday, following the favorable ruling about XRP’s legal standing this pattern broke below the 340 billion support level.
It is still a bit early to call an altseason because there was no retest of the 340 billion level as resistance. Regardless, the drop in BTCDOM is a positive sign for altcoins.
NFA.
What do you think? Please share in the comments.
Best Wishes.

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