Hi fellow traders,
On this chart I’m analyzing the Bitcoin Dominance (BTC.D) on the weekly timeframe using Elliott Wave principles.
Looking at the structure, I expect a major corrective phase to unfold in the coming years. Historically, we have seen two big Altseasons (1 and 2), followed by smaller rallies. My projection suggests we could first experience a “Mini-Altseason” when BTC.D enters the lower golden box, before heading higher again.
This move up could then create the conditions for a much larger Altseason, similar in magnitude to the previous major ones, once BTC.D reaches the higher golden box zone.
Mini Altseason: Potential short-term relief for alts as dominance corrects lower into the first golden box.
Big Altseason: A larger, more powerful move, expected after BTC.D completes a strong retracement into the upper golden box region.
The invalidation levels are clearly marked, and as long as the structure remains intact, I expect BTC.D to respect these Fibonacci-based zones and follow this corrective path.
This analysis indicates that while we may see a temporary bounce in BTC.D the long-term outlook still favors another significant Altseason ahead.
Good luck and trade safe!
On this chart I’m analyzing the Bitcoin Dominance (BTC.D) on the weekly timeframe using Elliott Wave principles.
Looking at the structure, I expect a major corrective phase to unfold in the coming years. Historically, we have seen two big Altseasons (1 and 2), followed by smaller rallies. My projection suggests we could first experience a “Mini-Altseason” when BTC.D enters the lower golden box, before heading higher again.
This move up could then create the conditions for a much larger Altseason, similar in magnitude to the previous major ones, once BTC.D reaches the higher golden box zone.
Mini Altseason: Potential short-term relief for alts as dominance corrects lower into the first golden box.
Big Altseason: A larger, more powerful move, expected after BTC.D completes a strong retracement into the upper golden box region.
The invalidation levels are clearly marked, and as long as the structure remains intact, I expect BTC.D to respect these Fibonacci-based zones and follow this corrective path.
This analysis indicates that while we may see a temporary bounce in BTC.D the long-term outlook still favors another significant Altseason ahead.
Good luck and trade safe!
Nota
Nota
We are going to see a small bounce soon in the golden box.Nota
Nota
We should see a move down towards 51 -52%.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.