overall market view
long term trend - green channel - overall don't expect, that we´ve ever seen bitcoin dominance over this green channel
midterm trend - we´ve broken big red wedge, this implies, that we´ve entered the new cycle
BTC is slightly under 50K and I am expecting, that in the next months, will BTC grow slowlier. On the other hand, Altcoins are now in a strong uptrend (hundreds % per week), but against BTC are still in the territory under highs from 2019. And some of them like LTC, XVG, TRX are still in the accumulation zone. Not mentioned small-cap coins, they are now still in the territory of their All-Time-Lows.
Short-term trend - we are now in the S/R level between 60-63%. In the next days/weeks expecting movement into the red wedge. BTC will rise over 50K. But during March, I am expecting some major crashes in the stock market. This will also affect BTC, which will drop to S/R level 38-41K which is also 50-days MA. ETH will drop to the support line at 0,028 BTC. But LTC will grow up to resistance at 0,0055 BTC. Mid and small-cap coins after initial panic sales will grow up to their ATH against BTC. And BTC dominance falls to S/R level at 52-57%.
Long term-view
Then it will follow the recovery of BTC and growth to new all-time highs and BTC dominance grow up to cross the upper-line of the green channel and the bottom line of the red wedge.
Then major crash at BTC, altcoins grow up to new ATH´s, etc. BTC dominance falls down to an all-time low even further.
And this will happen over and over and over.
midterm trend - we´ve broken big red wedge, this implies, that we´ve entered the new cycle
BTC is slightly under 50K and I am expecting, that in the next months, will BTC grow slowlier. On the other hand, Altcoins are now in a strong uptrend (hundreds % per week), but against BTC are still in the territory under highs from 2019. And some of them like LTC, XVG, TRX are still in the accumulation zone. Not mentioned small-cap coins, they are now still in the territory of their All-Time-Lows.
Short-term trend - we are now in the S/R level between 60-63%. In the next days/weeks expecting movement into the red wedge. BTC will rise over 50K. But during March, I am expecting some major crashes in the stock market. This will also affect BTC, which will drop to S/R level 38-41K which is also 50-days MA. ETH will drop to the support line at 0,028 BTC. But LTC will grow up to resistance at 0,0055 BTC. Mid and small-cap coins after initial panic sales will grow up to their ATH against BTC. And BTC dominance falls to S/R level at 52-57%.
Long term-view
Then it will follow the recovery of BTC and growth to new all-time highs and BTC dominance grow up to cross the upper-line of the green channel and the bottom line of the red wedge.
Then major crash at BTC, altcoins grow up to new ATH´s, etc. BTC dominance falls down to an all-time low even further.
And this will happen over and over and over.
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