Alek4

BTC.D Analysis ( Bearish Symmetrical Triangle via Eliot Waves)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
According to chart which illustrates the bearish trend on BTC.D chart, as we see, our graph candles has created the Symmetrical Triangle pattern then the graph has been dropped to 41.77 since the graphs was broken down to our up trend support line.

In addition, Eliot waves show us we are inside 5th wave of Eliot waves, also proof the bearish trend on BTC.D chart, the graph will be going down until the graph reach to 42 caused calculating Fibonacci Retracement and Fibonacci Extension

As the result, BTC.D bearish chart could let the ALT Coins to taking breath and we will watch the huge ALT session.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.