For long-term. We see a Bitcoin Dominance so bearish, so it's that mean that Bitcoin is so quiet and many altcoins going to wake up.
So, overview in Daily is so bearish for the Bitcoin dominance and some altcoind could be benefited of it. So Bitcon dominance al teast could be to drop in the 60%, also remember that theory, the Bitcoin domnance is recovery soon, what mean that, if Bitcoin continue their dominance Bitcoin is dominate all altcoins independent what Bitcoin do, but the possibility that Bitcoin continue up is 60% than making a bearish dominance, but this indicator is leading because as we are in the correction of Elliot Wave # 4, so it's imprensindible for me that we continue up, but as Bitcoin dominance is consolidated a down little as little, many altcoins could be benefited.
Now the situation in Daily tiemframe is bearish, because we are in formation of Butterflhy Bullish!!! But, I will entry in short as Bitcoin continue in this descedent channel.
So, overview in Daily is so bearish for the Bitcoin dominance and some altcoind could be benefited of it. So Bitcon dominance al teast could be to drop in the 60%, also remember that theory, the Bitcoin domnance is recovery soon, what mean that, if Bitcoin continue their dominance Bitcoin is dominate all altcoins independent what Bitcoin do, but the possibility that Bitcoin continue up is 60% than making a bearish dominance, but this indicator is leading because as we are in the correction of Elliot Wave # 4, so it's imprensindible for me that we continue up, but as Bitcoin dominance is consolidated a down little as little, many altcoins could be benefited.
Now the situation in Daily tiemframe is bearish, because we are in formation of Butterflhy Bullish!!! But, I will entry in short as Bitcoin continue in this descedent channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.