A number of harmonics can be found all over the macro formation. This next move can be the final one before the main breakout. It has confluence with the 21 Weekly EMA? I have it around 9300 for Bitstamp and Binance
Everybody is anticipating what that is... no-one knows but one has the feeling they are all loaded up on cash.
I have a theory, ALTs sooner or later will be flipped back to BTC once there is a clear bull run signal. Is it possible that the ALTs are doing the same what it did in the early Bull run of BTC this year? I think so.
The recent Bullish move attempt is confirmed based on RSI formation. Its currently holding above the 21 EMA on the 4 HRLY chart. If and when this breaks, we will see the drop. Possible movement
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BTC Dominance
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Looking at some critical pivotal points...especially now.
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Going through the chart, looking for confluence, I realized the overall Micro formation and their relationship with the Macro formation ( I believe). Hence I have adjusted my forecast in a more granular level. I'm starting to be a fan of fib.fan, fib channel (fib.pitchfork) incorporated with EMA\RSI\etc
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