Bitcoin Dominance - BTC.D

On the weekly chart since 2017, it has been moving inside a Symmetrical Triangle

Starting from the bull run in 2017, notice that before the bull run began, the price touched the ceiling of the triangle and started a downward journey that lasted until it touched the bottom of the triangle, at which point the bull run ended.

The same pattern occurred in the bull run of 2020, exactly the same scenario.

In the 2020 bull run, dominance made a minor peak and then began a corrective decline, during which there was a rapid wave of altcoins, and then dominance rebounded for a rise to touch the ceiling of the triangle, after which the bull run began.

The same scenario is happening now: dominance made a minor peak and has begun a corrective decline that could target 60%-58%, during which there will be a rapid wave of altcoins, and then dominance starts to rebound for a rise to touch the ceiling of the triangle, after which the bull run begins.

Focus on the two circles, and you'll understand that what is happening now is the same scenario as in 2020: a small rapid wave followed by a correction, then the start of the bull run, and the last wave of altcoin rises targets the bottom of the triangle at 46%-44%.

In summary, our target for dominance is between 44%-46%, at which point we exit the market completely, no matter how many overly positive news we see - because greed during the rise results in a trap, and you won't exit until the next bull run.

This is what I see, and God knows best.