Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTC.D Weekly chart
📌 Price Action with Wave Analysis.
📍 Today I would like to talk and discuss more about the Bitcoin's dominance which has such a very complicated form...
📍 First off, in the weekly time-frame we can see a potential triangle with reasonable confirmations, like the re-tests and reactions to the triangle tend-lines as well as a POTENTIAL double bottom which can lead to a short to mid-term uptrend movement and be a confirmation for the POTENTIAL "D" wave.
✍🏼 I can clearly read from chart the upcoming dates are very important for Bitcoin's dominance and others dominance.
✍🏼 We may have 2 scenarios;
-----------> End of the current wave (C) so it means that we may receive more confirmations for (D) wave and start of new cycle
-----------> Continuing this wave which can change the whole game and cancel the TRIANGLE movement
To be continued ...
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTC.D Weekly chart
📌 Price Action with Wave Analysis.
📍 Today I would like to talk and discuss more about the Bitcoin's dominance which has such a very complicated form...
📍 First off, in the weekly time-frame we can see a potential triangle with reasonable confirmations, like the re-tests and reactions to the triangle tend-lines as well as a POTENTIAL double bottom which can lead to a short to mid-term uptrend movement and be a confirmation for the POTENTIAL "D" wave.
✍🏼 I can clearly read from chart the upcoming dates are very important for Bitcoin's dominance and others dominance.
✍🏼 We may have 2 scenarios;
-----------> End of the current wave (C) so it means that we may receive more confirmations for (D) wave and start of new cycle
-----------> Continuing this wave which can change the whole game and cancel the TRIANGLE movement
To be continued ...
ノート
✍🏼If this E-wave is accurate we may have already finished the 5th Wave (which is not in my opinion very common); or we may continue to go deeper and deeper in the dominance to the levels noticed .ノート
Based on RSI, we are nothing like to close to have a reversal here; which make decisions very very complicatedノート
Even based on Phoenix Ascending, we may go deeper in dominance by watching the guard and sharp downfall of the Green and red lines ノート
⚠️ I personally think that we are in a very complicated situation right now and we can not comfortably decide on the future of Bitcoin and others dominance 🧐 What do y'all think about this situation?
Shall we trade BTC Based or ALT coin based
トレード稼働中
A double bottom may be created in the dominance chart.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。