BTC DOMINANCE Update (4H)

24 ago

This analysis is an update of the analysis you see in the "Related publications" section

As expected from the previous analysis, we anticipated a drop in this index, and the drop is currently in progress.

One important point to note is the green zone, which is a strong support area. It is possible that the diametric/symmetrical structure we discussed in earlier analyses is still intact. In that case, wave F of this diametric pattern may complete in the green zone, and candles could then enter wave G | a bullish wave that may trigger a significant correction in altcoins.

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23 set

Trade attivo

It was supported from the green zone and seems likely to move up toward one of the two red lines, which may increase selling pressure on altcoins. A rejection could occur from either of the marked red lines.

l’altro ieri

Trade chiuso: obiettivo raggiunto

Eventually, the Bitcoin dominance wave G was hit, and strong pressure was exerted on the altcoins.