I created this combo chart to get more overall view on how BTC is ready to continue bull run to the market top.
1) 2013 fractal had 50% dip (Nov 2013) just before the last leg up. Fractal matches this dip.
2) Bitcoin Dominance completing triangle. So now it should drop for the final BTC capitulation to altcoins.
BTC will rise in price as well.
3) Dollar Index peaked above trend line. I suspect fakeout. DXY drops, good for BTC.
4) Bitcoin adjusted for M2 money supply came back and tested the top. Classic pattern.
1) 2013 fractal had 50% dip (Nov 2013) just before the last leg up. Fractal matches this dip.
2) Bitcoin Dominance completing triangle. So now it should drop for the final BTC capitulation to altcoins.
BTC will rise in price as well.
3) Dollar Index peaked above trend line. I suspect fakeout. DXY drops, good for BTC.
4) Bitcoin adjusted for M2 money supply came back and tested the top. Classic pattern.
تعليق:
I learned of the 2013 fractal from Blockchain Backer by the way, months ago.