charles_lanka

charles_lanka

It looks like BTC is creating a head and shoulders pattern and the next pivot point for BTC is around $40k-$41K. I'm expecting BTC to bottom by the end of this month, and move up to create the right shoulder.

charles_lanka

At the bottom of the chart in Orange colour is the BTC dominance. The candle sticks chart here is the BTC price for the last 1 year period. Just added 2 other major ALTS (BNB and SOL) to show the relation between BTC dominance and BTC price and ALTS price action. Hope you will have a clear understanding ALTS season and BTC season from this example. I'm assuming...

charles_lanka

Just thought of update my idea published yesterday. It seems like the ascending wedge formation is happening quicker than I expect. This is my latest update on the ascending wedge pattern.

charles_lanka Updated 

It looks like $BTCUSD is following an ascending Elliott wave pattern. Lets see if this works out as per the markup.