BTC Dominance Possibly Topped - Continuing to Rise w/ Low Volume

Wave 5 target already hit, but often in crypto you will see wave 5 overextend to the 161.8 being 71% in this case, but I am not confident it will considering the decrease in volume as we continue to increase in dominance. We have an exaggeration in RSI, which should be printing higher than the previous high on RSI, but it is not. Show me relative strength is weak and we might see a pullback here in an ABC motion possibly all the way back to 64.3% - giving alt coins more room to move freely as people exit the 'safe' coin, Bitcoin, and go back to speculative / gamble-like trading of these 's' coins. You could see XRP, ETH, LTC and other high market cap coins move during this pullback in dominance. It does not have to happen, we could overextend wave 5 and really move up - it does not have to follow what I am predicting, so do not trade based on my ideas. Personally for me, dominance has had a nice run, and it's not obscure to think we see it pullback a bit.

Please follow me if you are in the crypto space, as I post charts frequently. Message me and ask me to chart something, would love to help out. Good luck out there everyone! Safe trading!

تم فتح الصفقة: