Laconic sign.
Updated
Hi!
Most ideas about the behaviour of BTC. D that have been published
all this year have not worked. Until those who said every week since
winter that dominance was about to fall have been non confirm their rightness.
And just as wrong are those who talked about figures of 70-80-90 (!!!) %.
I analysed the chart carefully in the first half of the year and decided that
there are 2 levels of the most probable reversal.
They are 58.4% and 61.8%. And I could not make any additional
predictions as to which of them would turn out to be that level. Any of them.
Now it is the 1st of October (congratulations to everyone on the beginning
of the real autumn, if you love it as I do) and we can see that the
September monthly candle closed with a real shooting star.
And new October candle opened as it should with a decline below
the body of the previous star.
That's pretty promising.
The most key thing to say is that the market is in no hurry at all.
4 hour charts are completely useless this year.
Processes are defined on much larger timeframes.
Most ideas about the behaviour of BTC. D that have been published
all this year have not worked. Until those who said every week since
winter that dominance was about to fall have been non confirm their rightness.
And just as wrong are those who talked about figures of 70-80-90 (!!!) %.
I analysed the chart carefully in the first half of the year and decided that
there are 2 levels of the most probable reversal.
They are 58.4% and 61.8%. And I could not make any additional
predictions as to which of them would turn out to be that level. Any of them.
Now it is the 1st of October (congratulations to everyone on the beginning
of the real autumn, if you love it as I do) and we can see that the
September monthly candle closed with a real shooting star.
And new October candle opened as it should with a decline below
the body of the previous star.
That's pretty promising.
The most key thing to say is that the market is in no hurry at all.
4 hour charts are completely useless this year.
Processes are defined on much larger timeframes.
Note
This will definitely be another candle up, the wick is not formed.
Trade active
So, 61.8% turned out to be a really important level.
The candle pulled back.
But the dominance growth has been developing for two years,
and it can't slow down so quickly without a monthly signal.
The monthly reversal signal is forming, the oscillator sees it.
But there is still half a month to close,
and it is not known whether it will be finally formed. I hope so.
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