Is $BTC Dominance finally topping out⁉️ 🤔
BTC.D is printing the second TD-9 Sell on the 2W timeframe this cycle
IMO this is something worth paying close attention to.
We can see the same pattern repeating itself over and over again: no matter which direction $BTC Dominance is moving in general (up or down) there’s a false TD-9 in the middle. The second TD-9 is the true one that usually reverses the trend.
- In 2018 we missed the 2nd TD-9 at the Bottom (but we had one in the middle)
- In 2019 the 2nd TD-9 Sell marked the Top (there was a false TD-9 sell in the middle)
- In 2021 the 2nd TD-9 Buy marked the Top (there was a false TD-9 buy in the middle)
This time, in 2024, the same pattern is repeated: one TD-9 Sell at the Top and one false TD-9 Sell in the middle
Keep in mind that this 2W candle has 11 days to go. I believe BTC.D will peak very soon