Dominance And Alt-Party? 🎉🥳

Hi everyone 👋🏽

🕊 Wish y'all have a profitable lifestyle 🍀

📌 BTC.D Weekly chart

📌 Price Action with Wave Analysis.

📍 Today I would like to talk and discuss more about the Bitcoin's dominance which has such a very complicated form...

📍 First off, in the weekly time-frame we can see a potential triangle with reasonable confirmations, like the re-tests and reactions to the triangle tend-lines as well as a POTENTIAL double bottom which can lead to a short to mid-term uptrend movement and be a confirmation for the POTENTIAL "D" wave.

✍🏼 I can clearly read from chart the upcoming dates are very important for Bitcoin's dominance and others dominance.

✍🏼 We may have 2 scenarios;

-----------> End of the current wave (C) so it means that we may receive more confirmations for (D) wave and start of new cycle
-----------> Continuing this wave which can change the whole game and cancel the TRIANGLE movement

To be continued ...

Kommentera:

✍🏼If this E-wave is accurate we may have already finished the 5th Wave (which is not in my opinion very common); or we may continue to go deeper and deeper in the dominance to the levels noticed .

Kommentera:

Based on RSI, we are nothing like to close to have a reversal here; which make decisions very very complicated

Kommentera:

Even based on Phoenix Ascending, we may go deeper in dominance by watching the guard and sharp downfall of the Green and red lines

Kommentera:

⚠️ I personally think that we are in a very complicated situation right now and we can not comfortably decide on the future of Bitcoin and others dominance

🧐 What do y'all think about this situation?

Shall we trade BTC Based or ALT coin based

Handel aktiv:

A double bottom may be created in the dominance chart.