Dominance bottoms in the next 72 hours. Possible selloff
BTC dominance is currently sitting on a Weekly+2Day+3Day TD9, and a few sequential 13's. We are within 72 hours of a potential 30%+ correction in crypto markets. I have put a bunch in cash.
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Still 100% on track here. They can push Dominance to 42 or even 40. Ideal timing is tomorrow but we'll see. Anytime this week really. Perhaps they want 5k ETH before rolling it! Going to be exciting. Alot of volatility in legacy markets+war headlines rolling in etc. Possible Money rolls into BTC and the market stays afloat, but it's not my expectationNote
Got the correction we wanted, but still haven't seen a dominance move yet. I've still go some cash on the side and think Alts will be risky in the coming days. Bottom could be in but I'd prefer to wait.Note
Correction could be complete or very close. We have a nice daily TD9 on BTC, into a measured move+Hash Ribbons almost printing a buy. Unless the bull is dead (I don't believe this was a cycle top) - this is a BTFDNote
While we called the top almost to the exact day, dominance still hasn't moved up. It would be better if I am wrong on that for the overall market! We will see. Doge+ETH keeping the altcap alive for now.Note
Pretty significant market top. I will be monitoring dominance over the coming days to see if it continues up. R/R is not great on either side here imho. My WAG is cycle top is not in here, and this was a BTFD. I bought quite early in the dump unfortunately! but was VERY happy to sell the top. Hope everybody is okay - these drops can be brutal on mental health. FWIW while I sold much of my holdings the day of the top, I am still losing $, this was not easy to navigate.
White Lake Investment
White Lake Investment
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