Market Cap BTC Dominance, %Updated BTC.D Bitcoin Dominance - Elliott Wave + Parallel channel
- BTC.D chart broke out of the main broadening wedge pattern.
- The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart!
- 0.618 fib switched from a support to a strong resistance.
- For more information, please check my signature below. ↓
- I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern.
- We do not know the retracement of the 4th wave.
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
- The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart!
- 0.618 fib switched from a support to a strong resistance.
- For more information, please check my signature below. ↓
- I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern.
- We do not know the retracement of the 4th wave.
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
Note
This his what we can expect from upcoming months: UPDATE
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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.
Related publications
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.