Weekly Cup / Handle Targeting 48-50%

2 Mar 2023

Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%.

Here's my previous bearish idea:

20 Mar 2023

Not

Update - very near TP 1 on the cup/handle weekly chart:

1 Nis 2023

Not

Update - zooming out we still haven't reached TP 1, which lines up quite closely with the upper trendline on this expanding wedge. Imagine we at least see TP 1 before moving back down, possibly a wick to TP 2, if not a straight up breakout instead;

1 Nis 2023

Not

Here's a possible scenario where we reach both targets and then turn down: