BTC dominance is on the rise for it's final top out.
I like the current price action in alts! It smells like capitulation... Mmmmm sell your alts cheap to me guys 🤑
#CRYPTO $ETH $BTC #ALTS #BITCOIN $XRP $LTC $BNB $EOS
External Link : https://www.tradingview.com/chart/BTC.D/SqJYFXkZ-Alt-season-lurks-around-the-corner-and-no-it-s-not-a-joke/
Alt season lurks around the corner and no, it's not a joke. for CRYPTOCAP:BTC.D by LunarExpress
Good day traders,
Someone on Twitter had a request in regard to BTC dominance so here is my analysis.
Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same:
We are near a turn
As you can see, I'm counting the upward correction as a double three, aka a double zigzag, labeled as WXY.
W was a nice three wave structure where C was 123.6% …
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