New ath for btc. Fib on 1 Month timeframe with USD pair on bitstamp.
Every first weekly open of the year = blue vertical Major horizontal resistance/support = Pink horizontal Major diagonal support = Red diagonal
KDA long term support (orange horizontal) hit again on BTC pair. White horizontal = upcoming resistances Green horizontal = all time low support
BTC is about to hit the .786 on the MONTHLY timeframe. Point of Interest being $3800 and .786 being $17,500 area and distribution around $69,000. Whales will slowly start buying BTC again anywhere here. The .786 should hold on the 1M timeframe (not including scamwicks)
Dominance shows the strength of the altcoin market vs BTC.
Monthly outlook on BTC /USD with Elliot wave theory applied. (Bitstamp was used because the historical data starts from Aug 2011) BTC staying macro-Bullish!
BTC Dominance TA update for 1D timeframe. (Take profits on BTC by red boxes)