absolutefreedom
Long

mini alt season still not finished - Elliott wave analysis

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
this mini alt season (wave 4 of the last wave 5 in BTC dominance) is still not finished. It follows an ABC correction, at the moment in wave B (so the BTC dominance is going up at the moment). The main target for the B is indicated in green on the chart and corresponds to a 38.2 retracement of A and a 123.6 retracement of the subwave A of B.
I will be longing alts again at 70.2 BTC dominance. Final targets in red on the chart, which are the targets where you want to long BTC again.

Happy trading!

#BTC
#altseason
 

I think the downward movement will take a little bit longer than the 4 days you have pulled out for it. Time and patience is the key.
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@Xenox, yes it s possible that B goes to 61.8, 76.4, 88.6 of A so it can definitely retraces almost to the top :). it can t be a flat though as A is in 5 waves
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Xenox absolutefreedom
@absolutefreedom, True, I made a mistake. I saw that I had made wave A in 5 waves while I meant it in 3 waves.
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