The
BTC.D chart is painting an intriguing picture. We've just completed a fully formed 12-day motive wave (impulse). Such impulses rarely stand alone — they're typically part of a larger structure. This one seems to be shaping up into a zigzag pattern.The probability of a further decline in BTC dominance is very high. We're likely to see another comparable or even more extended impulse down into the 51-48% range.
In an optimistic scenario, this decline represents the third wave, followed by a consolidation and another downward push in a potential fifth wave. If this plays out, we could be looking at an epic and prolonged altseason ahead.
But for now, these are just projections. The key level to watch is 50% BTC.D. Once we hit that, we'll have clearer signals for the market's next moves.
Stay vigilant — the altseason narrative might be just around the corner!
Shaka
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🥷🏼 My Telegram
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🇷🇺 t.me/shakatrade_ru
🍓 The best crypto exchange — Bingix! Click my referral link to activate your bonus! bingx.com/invite/D9E1B1/
🇺🇸 t.me/shakatrade1_618
🇷🇺 t.me/shakatrade_ru
🍓 The best crypto exchange — Bingix! Click my referral link to activate your bonus! bingx.com/invite/D9E1B1/
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.