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The_New_Disciple
Dec 9, 2020 5:27 AM

BTC Dominance Idea Bullish Outlook 1 Day Chart 

Market Cap BTC Dominance, %CRYPTOCAP

Description

In this breakdown we see the descending scallops outlined in red with the twin rounded bottoms on a downtrend. The green represents the Ascending scallops and the estimated movements as we are seeing the trend reversal occur and begin the first of two rounded bottoms shapes that will comprise the whole of the first scallop in the uptrend. If this scenario plays out we will see levels not seen since 2017. As the scallops curve upwards we should see strong BTC movement to the upside. As we fall into the scallops rounded bottom we should see the alts get a much needed breather. In this idea its not hard to see how so many people believe we will see a 50k BTC. If you agree throw me a like and follow me for more charts and concepts.
Thanks for the support Much love
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