BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!
- Update for BTC.D chart on the weekly timeframe.
- The chart is showing us that bulls are forming an ascending triangle.
- Which is something we do not want to see, if we want ALT SEASON!
- However, i bealive the index will continue to drop down after the triangle plays out.
- The triangle can also morph into a bear flag, which is something we want to see on the other side.
- This is my Elliott Wave count, if you have something better, please let me know in the comment section down below.
- 200 moving average is a strong resistance, so keep that in mind!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
- The chart is showing us that bulls are forming an ascending triangle.
- Which is something we do not want to see, if we want ALT SEASON!
- However, i bealive the index will continue to drop down after the triangle plays out.
- The triangle can also morph into a bear flag, which is something we want to see on the other side.
- This is my Elliott Wave count, if you have something better, please let me know in the comment section down below.
- 200 moving average is a strong resistance, so keep that in mind!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
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