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Market Cap BTC Dominance, %
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1 540
From the data shown on the drawing, we find that a Diagonal Leading pattern has been formed and is then considered a wave A, then a correction is made in wave B, which is the bottom of the Leading pattern, from which altcoins and Ethereum breathe, and when it reaches the bottom, then a final wave C begins, rising strongly in the same direction upward. Let us follow
Note: The model fails if it closes above an area 55.26%
Note
on the way
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Although the analysis continues to be correct, soon this analysis will be closed and I will update it. The theoretical point of view will change based on the new instructions. Good luck.
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KhaldHegazy
Elliott WaveTrend Analysis

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Elliott WaveTrend Analysis
KhaldHegazy

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.