Revisiting BTC Dominance with Fib Time
Taking a look at expected bottoming time for BTC.D I'm concluding the following:
1. Still expecting large A-B-C or W-X-Y, call it what you like. See initial published idea from late 2019.
2. Using time pivot of the first serious breakdown in dominance of July 2016.
3. Initial impulse A ran to Jan 2018 with corrective B running at twice the length of A up until late 2020.
4. Expectation is final leg down is 61-100% of the length of initial impulse.
5. This would put dominance at around 20-25% with expected time range anywhere between early-mid 2022
My personal expectation is BTC at 200k by end of year and a breakdown from there.
Note: This is purely speculative opinions and should not be considered as advice to buy BTC or any others.
Good luck out there!
1. Still expecting large A-B-C or W-X-Y, call it what you like. See initial published idea from late 2019.
2. Using time pivot of the first serious breakdown in dominance of July 2016.
3. Initial impulse A ran to Jan 2018 with corrective B running at twice the length of A up until late 2020.
4. Expectation is final leg down is 61-100% of the length of initial impulse.
5. This would put dominance at around 20-25% with expected time range anywhere between early-mid 2022
My personal expectation is BTC at 200k by end of year and a breakdown from there.
Note: This is purely speculative opinions and should not be considered as advice to buy BTC or any others.
Good luck out there!
