altcoin-season skyrocket between 2020-2021, which is next top10 ?
btc
ethereum
tether
xrp
bch
filecoin
tezos
xlm
monero
binance coin
what do you think?
(the reason i shared BTCUSD chart is that people look at these idea rather than TOTAL2 or BTC.D, sorry for that!)
in my idea :
i pointed out a time resistance that may be mark the beginning of trend reversal. these time resistances proofed to be right if you put them in a right way.
ok now alts are booming and it's sitting at 87b$ and up almost 29b$ (Wow!!) from...
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Altcoin Market index Analysis.
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Adil Khan
bitcoin dominance finally completed 5 wave up. Rsi broke its trend line and wave five of primary degree ended at 78.6% size wave 1 to the end of wave 3 and it is almost equal to wave 3 size.
bitcoin dominance is a great indicator for altcoins. regardless of what bitcoin will do altcoins will go up, it may be coincides with a bullish move in btc or a bearish move,...
as i have discussed before i'm doing a elliott wave analysis on bitcoin dominance.
right now actually bitcoin dominance is really high. according to my analysis we are in wave 5 of primary degree and actually in the last stages of this move. now we are forming a forth wave and because of that altcoin markets are in a big confusion. i suggest you to buy some...
As you can see in bitcoin dominance chart we are in a potential wave five.
Proof:
-Wave 2 corrects major area of wave one but it didn't break it's low.
-Wave 3 is longer than wave one so it cant be the smallest wave then if wave 5 wants to be larger than wave 3 this interpretation is still a valid one.
-wave 4 corrects pretty much exactly to fib 38.2 percent level...
I expect altcoins to grow in the coming weeks, because if the total market cap keeps the same, more money will flow into altcoins.
The bitcoin dominance has no pattern to fulfill anymore, so it is very likely it goes into an correction.
