$BTC Dominance Potentially Topping Out?
BTC Dominance (BTC.D) is flashing some interesting signals on the charts, especially with the second TD-9 Sell on the 2-week (2W) timeframe.
Historically, this setup has marked significant tops or bottoms for BTC dominance, and it’s worth keeping a close eye on what might unfold next.
Patterns Worth Noting:
Repeating Trend: $BTC dominance often forms two TD-9 signals in any given direction. Typically, the second TD-9—whether it’s a buy or sell—indicates the true trend reversal.
Past Examples:
2018: We saw a TD-9 at the bottom but missed a true second TD-9.
2019: The second TD-9 Sell called the top, while the first was a “false” middle signal.
2021: The second TD-9 Buy marked the top, with a false TD-9 in the middle.
Current Setup (2024): BTC.D is now presenting a second TD-9 Sell signal at a high level, suggesting another potential topping pattern.
We had a false TD-9 Sell in the middle of this cycle, which aligns
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