Market Cap BTC Dominance, %Viés de baixa
Bitcoin Dominance (Potential Alts Upside Continuation)
If we assume the whole move up was an impulsive 5 wave structure; the dominance is now currently under the .236 Fibonacci level and the .382 may be next. I have (roughly) taken the height of the bearish descending triangle that broke down and cloned it for a breakdown target. This would also line up with the .382 level.
Here I am using the weekly candles. Although the current candle has not yet closed, a massive wick to the upside also retested the breakdown area of the descending triangle above it.
Providing this weekly candle closes under this .236 level a bullish continuation for altcoins would be expected!
Here I am using the weekly candles. Although the current candle has not yet closed, a massive wick to the upside also retested the breakdown area of the descending triangle above it.
Providing this weekly candle closes under this .236 level a bullish continuation for altcoins would be expected!
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.