BTC.D Short: Predictive Power of BTC Dominance is Diminishing

SUMMARY: Short, it will continue to track down; however, to a tool to predicted the BTC cycle top would not be the best indicator.

Chart Notes
The trend is down as part of a 5 Elliot Wave impulse and has formed a descending triangle both bearish formations - both bearish

The massive increase of stablecoins into the index is diluting its predicative power, other indicators such as Pi Cycle Top maybe more usefull.