Altcoin Season is About to Start!
Updated
Hi there!
PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets.
BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves.
Currently, it’s hitting strong resistance that’s coming from the downward trend-line.
The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020.
However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target.
Be careful though, don't forget about capital & risk management.
We only offer you the most important posts each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets.
BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves.
Currently, it’s hitting strong resistance that’s coming from the downward trend-line.
The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020.
However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target.
- Target zone: 63%
- BTC Dominance: 68.37%
- Market Cap: $197 108 909 995
- 24h Vol: $58 157 606 098
Be careful though, don't forget about capital & risk management.
We only offer you the most important posts each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
Trade active
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It broke through the channel's resistance line and retested the ex-support line.Trade active
Testing the ex-support line
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