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:
![[Watch it] Eyes on Bitcoin dominance now.](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
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.
See previous analysis for reference:
![[Watch it] Eyes on Bitcoin dominance now.](https://s3.tradingview.com/x/xkdbbUM8_big.png)
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.
Comentarios:
The show should start soon.
Brace.
Brace.
Comentarios:
50.03 reached.
Looks like it's trying to bottom out.
It will require some time.
Looks like it's trying to bottom out.
It will require some time.
Comentarios:
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).
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).
Comentarios:
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.
At any time within one / two weeks eventually.
Next week we'd have a TD count 9 already.
It would be a perfect spot.
Comentarios:
It took 1 week and 1/2.
Comentarios:
Comentarios:
TD count 12 and counting ...
Will bounce up again.
Strongly.
Will bounce up again.
Strongly.
Comentarios:
Here is a possible Green 1 forming, after 12 red weeks:
Watch dominance as it can bounce sharply again.
MInd that.
Watch dominance as it can bounce sharply again.
MInd that.
Comentarios:
And we're back close to resistance.
Watch the test.
Watch the test.
Comentarios:
At resistance.
Comentarios:
Surgical move: Make it or break it.
Comentarios:
A rejection would favor alts again.
Watch it.
A rejection would favor alts again.
Watch it.
Comentarios:
About to close week.
ON the edge.
ON the edge.
Let's see now.