- If this candlestick could manage to closes consecutively below the support of the pattern. i would be bad sign for btc dominance.
- Invalidated once the percentage manage to get above the previous high again.
If this double top become invalidated, keep in mind from previous post i mention btc.d also moving inside a large rising wedge.
Comentário:
Looks like a good support on 63.8% and it's currently bouncing from it's level. broke above 64.6 % would be a a good sign that it would be an attempt to retest previous high on 65.98 % and invalidated double top pattern.
conversely, if candlesticks manage to closes below 63.60 % would be a bad sign for btc.dominance bullish trend (below orange fibonacci line and yellow trendline)