I don't expect BTC.D to break above 57% before we start the next bull run. Instead I expect consolidation at this level for next days or weeks. This will eventually lead to break down of the dominance, signifying the alt-season. I think this is a good time to transfer some money from BTC to altcoins.
I think we are currently on the C-wave (corrective wave) on the larger trend. I sold some shares of Goog at around 140usd and took profit at 121usd. That's because I am expecting a retracement to around 130 - 136usd from the current price of 120usd.
I may re-enter at this price range. Ultimately, I expect prices to fall below 80usd.
I will update you if my bias changes.
I am expecting major down trend to ensue in aapl price chart in the coming weeks or months. If it plays out from this level, it would be a highly rewarding trade. I won't be surpised if we go below 100 usd.
I expect a drop to around 15k -12k usd before a new bullish wave will kick start. I think this will be a good opportunity to DCA into a long-term position in BTC.
I entered into a short position on Near at 16.8USD. I'm hoping for a retracement to around 8.3 USD in the coming weeks. Although, I am bullish on the Near coin long-term.
DXY falling is a good thing for the risk-on asset like crypto. I still see this retracement continuing until around 97. I expect the price to follow the curve drawn on the chart. Meanwhile, the stock and crypto market may continue their relief rally. Another capitulation may come in few weeks. Let's just keep watching the FED!
I think this current price movement offers good opportunity to cash out of Luna. I'll be dollar-cost averaging (DCA) in again when the price retraces to range where I drew the rectangle. However, I left some of my positions running, should I be wrong.
It seems altcoins season is around the corner. I'll be looking out for 45 - 46% level (end of current wave E) for a reversal of the current bullish trend in dominance. The resulting bearish trend may take us to about 37%. In the meantime, I am cautiously looking for good trade set-ups in altcoins.
