BTC Dominance (Prj.Y12.P2.E2.version2).More Correction
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After reviewing BTC performance and predicted path, I see BTC dominance dropping further.
Reasons:
a) The pullback is evident. Some say to 8500 ultimately, some say 8800 to previous resistance and 200 EMA
b) I foresee some accumulation\ranging of BTC between 8500-8800 to 10400 creating some sort of MACRO breakout or bullish pattern
c) I see this going on for at least another month to mid Dec. eventually hitting 12K early next year
d) During the ranging period, I see the ALTs rise as many of them like LTC have hidden bullish divergences (on the weekly).
e) Anticipated RSI movement, more downs.
I'm guessing this will go down to the 0.618 retracement but it could be more, as per the chart, eg. 200 EMA.
Cheers,
S.Sari/CryptoProspa
Previous post
Reasons:
a) The pullback is evident. Some say to 8500 ultimately, some say 8800 to previous resistance and 200 EMA
b) I foresee some accumulation\ranging of BTC between 8500-8800 to 10400 creating some sort of MACRO breakout or bullish pattern
c) I see this going on for at least another month to mid Dec. eventually hitting 12K early next year
d) During the ranging period, I see the ALTs rise as many of them like LTC have hidden bullish divergences (on the weekly).
e) Anticipated RSI movement, more downs.
I'm guessing this will go down to the 0.618 retracement but it could be more, as per the chart, eg. 200 EMA.
Cheers,
S.Sari/CryptoProspa
Previous post
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