RUNE BULL PENNANT OR DEAD CAT BOUNCE
Is rune leading the pack for altcoins? Depending on BTC dominance chart next move pictured below, we have two scenarios.
Bullish Scenario: Bull Pennant, break above the 50% retracement, candle close above for support and con't.
Bearish Scenario: Dead Cat Bounce, candle close below the 50% retracement and retest the 88.6 % retracement level on the macro timeframe.
BTC DOM CHART
THIS CHART GOES DOWN, RUNE GOES UP.
DYOR
NOT FINANCIAL ADVICE
ONLY BUMS ASK FOR DONATIONS
CAPITAL PRESERVATION
Bullish Scenario: Bull Pennant, break above the 50% retracement, candle close above for support and con't.
Bearish Scenario: Dead Cat Bounce, candle close below the 50% retracement and retest the 88.6 % retracement level on the macro timeframe.
BTC DOM CHART
THIS CHART GOES DOWN, RUNE GOES UP.
DYOR
NOT FINANCIAL ADVICE
ONLY BUMS ASK FOR DONATIONS
CAPITAL PRESERVATION
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