Been a while since I updated BTCD here on Trading View, 2020-2021 was my BTCD year where most of my analysis hit the targets.
Reviewing this monthly chart we can see the Stoch RSI is bouncing off the 1/2 way level between overbought/sold.
The diagonal has likely completed Wave 4 and W5 should hit that top expanding TL and likely overthrow , so we can assume 49-52% for now to finish the 5th.
And what this analysis means is only 2 possible scenarios:
1) BTC & BTC coins (BCH,ADA,DASH,XRP,LTC to name a few) will all get big moves up after BTC leads. Then once the final drop hits ETH and the rest of the alts will pump.
2) BTC will Nuke to my $10-
12K targets which isn't to far away from the recent ATL around 15K. But Altcoins will drop another 50-70% from these levels.
TBH I favor option 2.
ETH is still not below June 2022 levels $900 while many alts have already broken below June lows and most seem to be headed back down as we speak.
Reviewing this monthly chart we can see the Stoch RSI is bouncing off the 1/2 way level between overbought/sold.
The diagonal has likely completed Wave 4 and W5 should hit that top expanding TL and likely overthrow , so we can assume 49-52% for now to finish the 5th.
And what this analysis means is only 2 possible scenarios:
1) BTC & BTC coins (BCH,ADA,DASH,XRP,LTC to name a few) will all get big moves up after BTC leads. Then once the final drop hits ETH and the rest of the alts will pump.
2) BTC will Nuke to my $10-
12K targets which isn't to far away from the recent ATL around 15K. But Altcoins will drop another 50-70% from these levels.TBH I favor option 2.
ETH is still not below June 2022 levels $900 while many alts have already broken below June lows and most seem to be headed back down as we speak.
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