BTC.D Short: Predictive Power of BTC Dominance is Diminishing
SUMMARY: Short, it will continue to track down; however, to a tool to predicted the BTC cycle top would not be the best indicator.
Chart Notes
The trend is down as part of a 5 Elliot Wave impulse and has formed a descending triangle both bearish formations - both bearish
The massive increase of stablecoins into the index is diluting its predicative power, other indicators such as Pi Cycle Top maybe more usefull.
Chart Notes
The trend is down as part of a 5 Elliot Wave impulse and has formed a descending triangle both bearish formations - both bearish
The massive increase of stablecoins into the index is diluting its predicative power, other indicators such as Pi Cycle Top maybe more usefull.
Related publications
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.