Bitcoin Dominance: Elliott Wave and Harmonics Combo (Part 2)

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$MARKETSCOM:BITCOIN Dominance ( #BTC.D / BTC.D) indeed started the rise I predicted back in late '22. BTC rose to the limits, exceeding the 100K Mark.

In #ElliottWave, this is Cycle Wave C (turquoise).
Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play.
The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins.

#Harmonics are showing #Cypher Patterns, a combo actually, on different degrees.

Bitcoin Dominance ( BTC.D ) Technical Analysis:

* Elliott Wave Impulse: Cycle C (turquoise)
* Harmonic Patterns: Bullish Cyphers
* 88.6% Fibonacci Retracement
* Break-Out with Divergence
* Leading Diagonal in Primary Wave ① (white)

Conclusion:
After a last rise, expecting $MARKETSCOM:BITCOIN to top-out and start a Larger Correction.
Alt Season to start and deliver, based on #BTC losing ground.
After this, BTC to continue ruling, as the one and only #Cryptocurrency.

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Giao dịch đang hoạt động

BTC.D should make the #Correction and thus pave the way for #Altseason and #Altcoins.

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Ghi chú

BTC.D Bitcoin Dominance is in Correction.

Maybe now Alt Season can do something.