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dRends35
Mar 13, 2023 11:49 PM

BTC.D - Elliott Wave 5 🧐 Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

I'm not much of an Elliott Wave fanboy these days but it is interesting that having broken out BTC .D appears to be in a fairly classic Elliott Wave even with alternation - deep wave 2 and flat wave 4 albeit with a rogue 3 wave pattern within the third wave.

A 1:1 target taken from pivots 2,3,4 would see BTC .D wave 5 extend up to around 48%, maybe slightly more with overshoot, which interestingly is where there have been many tops already.

Perhaps after that peak is where the real alt season begins, though to be fair plenty of alts going bananas already.

Not advice.

Comment

Topped as projected.

Comments
rennsen
Thank you @dRends35 very interesting chart pattern - technical chart looks like in favor of going sideways.
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