BTC DOMINANCE (4H) Update
This analysis is an update of the analysis you see in the "Related publications" section
From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.
After completing wave A, the price entered wave B.
Wave B appears to be a diametric, and we are currently in wave f of this diametric.
It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.
If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.
For now, this is our perspective on Bitcoin dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.
After completing wave A, the price entered wave B.
Wave B appears to be a diametric, and we are currently in wave f of this diametric.
It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.
If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.
For now, this is our perspective on Bitcoin dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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