It is a Daily time frame chart of BTC dominance and it shows us a perfect Complete Wave Cycle that has been played precisely. Trend now is in a leg E of a Triangle, Elliott Wave 4, that probably has been finished and we are going to start bearish Wave 5. If it predictably happens we can expect a bullish movement for BTC and then a pump for Alt-Coins that decreases BTC Dominance in the sake of more extra increase in the Alt-Coins MarketCap. In my point of view tie your belt and wait for a near pump.
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.