Bitcoin / TetherUS

Bitcoin FULL Analysis PART 2

504
In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.


An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round


In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
snapshot

From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?

________________________________________
BTCUSD BTCUSDT TOTAL3 BTC.D
Note
Latest BTC update HERE:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.