We’re here. At crucial .D support it’s time to fool around again.
Cardano made its 2017 top in 84 days. Repeating this move from support in 2021 would make an eoy dominance top of 28!! In effect killing BTC’s dominance and probably ETH’s dominance.
Possible? You tell me. The Cardano ecosystem launches smart contracts today, so hype catalyst is there. But...
Follow-up on the channel I drew some time ago on my favorite chart. Potential for BTC.D to bottom out at the same level as previous cycle. Channel indicates the timing to be a christmas peak. No surprises there.
Tom Demark is very significant on the DXY 2 month timeframe + the 200 ma showed up some time ago at TD setup resistance level.
If DXY can’t manage moving back up, it will pull back all the way to previous TD lows.
Uncle Sam will get his ass handed to him and he’ll only have dollars to whipe it with.
Same situation as last month.
Dominance fails to hold the 50 mma as support on the close.
Calling this a day early again and hoping it will be less debatable this time.
You all know what this spells.
And notice the TD count.
Playing around with my december post of the Elliot wave structure on the 3M.
Peaks in April 2021, Jan 2024 and Jan 2028. Overshoot 500k but end up below 1 Mio.
Not sure the Total 2 will follow the same cycle. Will look into it.