BTC Update....I am still seeing this scenario playing out...this idea could be invalidated if BTC reclaims 55300.....but there was a Bearish divergence on daily , 3 days and weekly charts so I am tilted towards this idea.....I used fib extension to check if I could find some confluences with these demand zones.....so if this idea plays out ....tested demand zone is around 0.786 extension (10% of the times wave C ends there) next demand zone is between 1-1.272 extension (60% of the times) and daily demand zone is at 1.618 extension (30% of the times)
I dont expect it to straight away go up and dump....slower the better cuz that would give alts some breathing space....usually when BTC has high volatility its dominance rises and alts bleed...
I dont expect it to straight away go up and dump....slower the better cuz that would give alts some breathing space....usually when BTC has high volatility its dominance rises and alts bleed...