Illustrated here is my preferred wave-count for the year-long (Sep '19 to 'Sep 20) emergent structure in the alt-market cap (AMC) to BTC-market cap (BMC) ratio.
IMHO understanding this structure is critically important to understanding whether the alt-market is or isn't likely to outperform BTC (by market cap) in the foreseeable future. It is therefore foundational to my trading risk management strategy.
This wave-count has the entire structure as a fully-compliant 3-3-3-3-3 leading expanding diagonal (see rules provided). Zooming out to the macro (2 year+) picture, this structure may either form:
(a) The 'A' leg of a larger ABC correction (macro bearish) *or*
(b) The '1' leg of a larger 1-2-3-4-5 impulse (macro bullish)
For now this structure provides a high-degree of confidence that alt-cap is in an up-trend against BTC cap over the medium-term (1 year+). The invalidation threshold for this posture is 0.48.
IMHO understanding this structure is critically important to understanding whether the alt-market is or isn't likely to outperform BTC (by market cap) in the foreseeable future. It is therefore foundational to my trading risk management strategy.
This wave-count has the entire structure as a fully-compliant 3-3-3-3-3 leading expanding diagonal (see rules provided). Zooming out to the macro (2 year+) picture, this structure may either form:
(a) The 'A' leg of a larger ABC correction (macro bearish) *or*
(b) The '1' leg of a larger 1-2-3-4-5 impulse (macro bullish)
For now this structure provides a high-degree of confidence that alt-cap is in an up-trend against BTC cap over the medium-term (1 year+). The invalidation threshold for this posture is 0.48.
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.
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.