BTC.D Bitcoin Dominance - Elliott Wave + Parallel channel
- BTC.D chart broke out of the main broadening wedge pattern.
- The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart!
- 0.618 fib switched from a support to a strong resistance.
- For more information, please check my signature below. ↓
- I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern.
- We do not know the retracement of the 4th wave.
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
- The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart!
- 0.618 fib switched from a support to a strong resistance.
- For more information, please check my signature below. ↓
- I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern.
- We do not know the retracement of the 4th wave.
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
Comment:
This his what we can expect from upcoming months: UPDATE
