A BTC Dominance bounce is looming.

Dominance completed the route down all the way down to 53 after failing to confirm a huge ascending triangle.

See previous analysis for reference:

In my opinion it's likely we'll see a dominance bounce from anywhere within to 53-49 to about 58-60.
This within some weeks / few months.

I would consider that a technical movement.

Longer term i foresee altcoin market relative % growth, after short term retracement / consolidation.

Kommentera:

Straight into the box.

Let's see now.

Kommentera:

The show should start soon.
Brace.

Kommentera:

50.03 reached.

Looks like it's trying to bottom out.
It will require some time.

Kommentera:

Comment: Slighlty below 49.
Yet what matters is (bi-weekly) close.

TD count 8 alredy. We may have capitulation > bottoming ongoing, which may span to the end of may eventually (candle 9).

Still it can ounce at any time now, i wouldn't be surprised to see a failed low forming.

Watch out if you deal with alts (except for Ether).

Kommentera:

I think a strong bounce is nearing.

At any time within one / two weeks eventually.
Next week we'd have a TD count 9 already.
It would be a perfect spot.

Kommentera:

It took 1 week and 1/2.

Kommentera:

Kommentera:

TD count 12 and counting ...

Will bounce up again.

Strongly.

Kommentera:

Here is a possible Green 1 forming, after 12 red weeks:

Watch dominance as it can bounce sharply again.
MInd that.

Kommentera:

And we're back close to resistance.

Watch the test.

Kommentera:

At resistance.

Kommentera:

Surgical move: Make it or break it.

Kommentera:

A rejection would favor alts again.
Watch it.

Kommentera:

About to close week.
ON the edge.