Hello, Skyrexians!
Recently we have already made analysis on
BTC.D where pointed out that this Bitcoin season finally is about to end. Today we share with you our precise analysis of last dominance growth to understand when there is going to be the final reversal.
Let's take a look at 12 hours time frame. Here we can see that Elliott waves structure. It has pumped to the wave 3 target at 1.61 Fibonacci and then retraced in the wave 4. We expect consolidation between 61% and 62% for some time before the final growth in the wave 5. This wave will be finished approximately at 65%. The red dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the bearish divergence with Awesome Oscillator are going to be the reversal confirmation factors.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Recently we have already made analysis on
BTC.D where pointed out that this Bitcoin season finally is about to end. Today we share with you our precise analysis of last dominance growth to understand when there is going to be the final reversal.Let's take a look at 12 hours time frame. Here we can see that Elliott waves structure. It has pumped to the wave 3 target at 1.61 Fibonacci and then retraced in the wave 4. We expect consolidation between 61% and 62% for some time before the final growth in the wave 5. This wave will be finished approximately at 65%. The red dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the bearish divergence with Awesome Oscillator are going to be the reversal confirmation factors.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.