Bitcoin Dominance Respects Elliott Waves - Small pullback coming
So clear of a pattern here using Elliott waves. We're looking for a pullback to around 63-65% dominance and then a 5th wave up to around 71% or more given if we overextend or not. That bearish divergence on the 3 Day confirms a pullback now. What does this mean? We could see Bitcoin correct more giving more room for Alt coins to take some of that overall market liquidity and run with it for a bit. Might see Litecoin and Ethereum really make some nice jumps up. Hope you guys found this useful, best of luck out there. Please consider giving me a follow, it would be much appreciated.
تعليق:
Here is something I found on the 4hr. Looks like the volume has a pattern.
We could have that hidden bullish divergence give us a short term relief before further down.