20191018 BTC Dominance - Possible Uptrend till November
Hi again,
I've been following btc dominace lately to determine where the market is going the next months and i believe is not quite done yet.
i base most of my analysis on fractals as you may have seen, even more when an inverse have take place to predict the roads on downtrends to take more profits.
here you may see the fibonacci retracements according to fractal in place on this period. Some candles like the one in circle as indicators of stage and right now it seems we are getting at the end of a small falling wedge .
We have a bullish butterfly too that indicates they still under control and this is just a correction before going up once again.
Ill upload another image that could help you out too.
Cheers!
Charter X
I've been following btc dominace lately to determine where the market is going the next months and i believe is not quite done yet.
i base most of my analysis on fractals as you may have seen, even more when an inverse have take place to predict the roads on downtrends to take more profits.
here you may see the fibonacci retracements according to fractal in place on this period. Some candles like the one in circle as indicators of stage and right now it seems we are getting at the end of a small falling wedge .
We have a bullish butterfly too that indicates they still under control and this is just a correction before going up once again.
Ill upload another image that could help you out too.
Cheers!
Charter X
Nota
Just one thing i just saw. right on the D of the Bullish Butterfly, it could be a Major Adam Formation and right where we are standing, could be that major Eve, and could mean that this could go Further.This may fit with this RSI analysis at 1M Chart
or it Could Be like this at 2W Chart:
Wich mean, or we are only on PSY and BC will be the next pump, or we are going right to Automatic Reaction.
Still too soon to know it but this is where i think we are standing up.
Hope it helps you out.
Cheers
Nota
Actually,This is more Likely to happen:
Cheers
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.