CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we touch this line, we will be still in an up trend

Comment: Weekly chart
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good work
keep it up
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Hey Excavo! Your charts are great. I have learned so much from you.
Can you do an analysis of Ethereum?
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EXCAVO abhijith31
@abhijith31, Hey ! Yes.
+4 Reply
SamisiBTC abhijith31
@abhijith31, support with like ;) and subscribe
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BTC can ber forming a huge triangle!

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Well, if you take into consideration only the last wave (check the sub-waves from Elliot wave 4 to 5), then up trend channel is much narrower than when you take into consideration the whole movement that started actually in 2018 after the bubble pop!

In this case, we can go to 60% or less (depends on how fast) and still be in the uptrend! I wrote extensively about that in the idea above. Click on it and it tells a lot of details. You can see how the alts growth was predicted on August 19th already!
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Nice bro, had similar ideas related to Bitcoin dominance, check out this
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Thank you so much @EXCAVO 5/5 the best all the time
+2 Reply
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