TradingView
ew-forecast
Mar 12, 2024 9:29 AM

Bitcoin Dominance Is Still Here Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

Despite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave 4 that can push Bitcoin dominance towards 57% - 60% for wave 5.
Comments
mikroland
what's your best guess on the timeframe on this before it starts declining again? Few months?
dRends35
@mikroland, Dont forget to thank the publisher before requesting more content.
Jonesr555
No worries, I'm extremely patient... I can wait.
dRends35
Great post. I dont use EW at this depth but have a similar outlook.
More