Revisiting BTC Dominance with Fib Time
Taking a look at expected bottoming time for BTC.D I'm concluding the following:
1. Still expecting large A-B-C or W-X-Y, call it what you like. See initial published idea from late 2019.
2. Using time pivot of the first serious breakdown in dominance of July 2016.
3. Initial impulse A ran to Jan 2018 with corrective B running at twice the length of A up until late 2020.
4. Expectation is final leg down is 61-100% of the length of initial impulse.
5. This would put dominance at around 20-25% with expected time range anywhere between early-mid 2022
My personal expectation is BTC at 200k by end of year and a breakdown from there.
Note: This is purely speculative opinions and should not be considered as advice to buy BTC or any others.
Good luck out there!
1. Still expecting large A-B-C or W-X-Y, call it what you like. See initial published idea from late 2019.
2. Using time pivot of the first serious breakdown in dominance of July 2016.
3. Initial impulse A ran to Jan 2018 with corrective B running at twice the length of A up until late 2020.
4. Expectation is final leg down is 61-100% of the length of initial impulse.
5. This would put dominance at around 20-25% with expected time range anywhere between early-mid 2022
My personal expectation is BTC at 200k by end of year and a breakdown from there.
Note: This is purely speculative opinions and should not be considered as advice to buy BTC or any others.
Good luck out there!
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.