BTC Dominance in Daily Chart
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Hello
I am so ok talking about this chart because I really have some basic issues with its structure but because some of you asked me to mark it in Elliott way, so I did it and I hope it works for us.
The last rally of this trend obviously was an impulse but the end of this rally is probably going to make an Ending Diagonal and if it happens, we will see a sharp drop that might coincide with Alt-season.
If it goes true, we will celebrate its crash.
Thanks
I am so ok talking about this chart because I really have some basic issues with its structure but because some of you asked me to mark it in Elliott way, so I did it and I hope it works for us.
The last rally of this trend obviously was an impulse but the end of this rally is probably going to make an Ending Diagonal and if it happens, we will see a sharp drop that might coincide with Alt-season.
If it goes true, we will celebrate its crash.
Thanks
Note
confirmation is to drop down by 53%Note
if you check this chart in an intra day timeframe, you realize that power of Altcoins, because with just a bit rise in their capital, the BTC Dominance dropped. It show us how capable is this market to swallow the whole liquidity.
Time will show us.
AMA
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