Base Scenario:
The development of an expanded flat correction is expected. However, confirmation is required:
A 3D and weekly candle close below the 61.53 pivot.
Formation of a downward impulse structure, signaling the start of a full correction.
At this point, no aggressive drop in
BTC.D below 50% is observed. Within this type of correction, the maximum target range for a decline is 51-52%.
Alternative Scenario:
Continuation of impulse growth within the 5th wave of BTC dominance. In this case, BTC will continue strengthening against the market, invalidating the corrective structure.
A key confirmation signal would be a 3D/weekly candle close below 61.53 and the formation of a downward impulse. For now, the correction scenario remains speculative, while BTC Dominance holds strong levels.
The development of an expanded flat correction is expected. However, confirmation is required:
A 3D and weekly candle close below the 61.53 pivot.
Formation of a downward impulse structure, signaling the start of a full correction.
At this point, no aggressive drop in
BTC.D below 50% is observed. Within this type of correction, the maximum target range for a decline is 51-52%.Alternative Scenario:
Continuation of impulse growth within the 5th wave of BTC dominance. In this case, BTC will continue strengthening against the market, invalidating the corrective structure.
A key confirmation signal would be a 3D/weekly candle close below 61.53 and the formation of a downward impulse. For now, the correction scenario remains speculative, while BTC Dominance holds strong levels.
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🥷🏼 My Telegram
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🇺🇸 t.me/shakatrade1_618
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🍓 The best crypto exchange — Bingix! Click my referral link to activate your bonus! bingx.com/invite/D9E1B1/
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.