$MARKETSCOM:BITCOIN Dominance ( #BTC.D / 
BTC.D) indeed started the rise I predicted back in late '22. BTC rose to the limits, exceeding the 100K Mark.
In #ElliottWave, this is Cycle Wave C (turquoise).
Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play.
The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins.
#Harmonics are showing #Cypher Patterns, a combo actually, on different degrees.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Cycle C (turquoise)
* Harmonic Patterns: Bullish Cyphers
* 88.6% Fibonacci Retracement
* Break-Out with Divergence
* Leading Diagonal in Primary Wave ① (white)
Conclusion:
After a last rise, expecting $MARKETSCOM:BITCOIN to top-out and start a Larger Correction.
Alt Season to start and deliver, based on #BTC losing ground.
After this,BTC to continue ruling, as the one and only #Cryptocurrency.
BTC.D) indeed started the rise I predicted back in late '22. BTC rose to the limits, exceeding the 100K Mark.In #ElliottWave, this is Cycle Wave C (turquoise).
Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play.
The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins.
#Harmonics are showing #Cypher Patterns, a combo actually, on different degrees.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Cycle C (turquoise)
* Harmonic Patterns: Bullish Cyphers
* 88.6% Fibonacci Retracement
* Break-Out with Divergence
* Leading Diagonal in Primary Wave ① (white)
Conclusion:
After a last rise, expecting $MARKETSCOM:BITCOIN to top-out and start a Larger Correction.
Alt Season to start and deliver, based on #BTC losing ground.
After this,
BTC to continue ruling, as the one and only #Cryptocurrency.Operación activa
BTC.D should make the #Correction and thus pave the way for #Altseason and #Altcoins.Nota
BTC.D Bitcoin Dominance is in Correction.Maybe now Alt Season can do something.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.