One of the last bits of hopium that still makes sense from a technical perspective is this WEEKLY 
BTC Dominance chart, which shows a clean Elliott Wave structure.
Based on this count, the dominance either has completed, or is currently in the middle of a dead cat bounce (WAVE B) — which briefly peaked around 63.5% during the 10/10 market collapse.
If that’s correct, the next move should be a WAVE1 C down, targeting a deeper correction toward 54.6% or even 49.1%.
This outlook perfectly aligns with the expected #Altseason which typically kicks in during Q4. As long as BTC.D remains below the yellow 50 MA, the trend stays bearish — with a lower low already printed and a lower high likely forming.
Being a strong believer in both Elliott Wave Theory and the cyclical nature of markets, I’ll continue buying dips — since several altcoins are likely to see powerful rebounds from key support zones.
That’s my main strategy for Q4.
👽💙
BTC Dominance chart, which shows a clean Elliott Wave structure.Based on this count, the dominance either has completed, or is currently in the middle of a dead cat bounce (WAVE B) — which briefly peaked around 63.5% during the 10/10 market collapse.
If that’s correct, the next move should be a WAVE1 C down, targeting a deeper correction toward 54.6% or even 49.1%.
This outlook perfectly aligns with the expected #Altseason which typically kicks in during Q4. As long as BTC.D remains below the yellow 50 MA, the trend stays bearish — with a lower low already printed and a lower high likely forming.
Being a strong believer in both Elliott Wave Theory and the cyclical nature of markets, I’ll continue buying dips — since several altcoins are likely to see powerful rebounds from key support zones.
That’s my main strategy for Q4.
👽💙
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.