ZRX/BTC One more final push down before Alt cycle?
Looking at the BTC dominance level, it seems like we are on our way to test the previous ATH around 66%. This coincides with my new count of ZRX/BTC pair showing that we are at an ending diagonal of the 5th wave of the long WXY correction from last year. Once the bounce is in, we should be targeting the .618 fib zone of the Y wave down which gives us a 100% upside. With BTC being mega bullish throughout the month while Alts are bleeding in BTC pairs while stagnating in USD pairs, this will be a great trade with minimal upside and crazy upside. Everything seems to be lined up for ZRX/USD pair to hit our target around 54 cents. I believe the correction followed after this initial bounce will actually be the trade that should be most anticipated. The wave 3 of the ZRX/BTC pair will coincide with the wave 5 of the ZRX/USD pair which should synergies for maximum profit
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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.