Is BTC Ready to Takeoff?

Neither this post nor any on cryptofal.com, should be taken as financial advice. It is not.

BTC is still consolidating in this same area over the past few days. On the four-hour candle chart though, the MFI and the MACD look like they may be attempting to swing upwards. this could be seen as a bullish divergence. BTC dominance is down to 40.7% and ETH dominance is at 20.7%.

Ethereum could be attempting to form a wedge pattern here if it finds lower support. It should be noted that both the MACD and MFI look to be attempting to trend downward, so it wouldn’t be surprising if we test support.