$BTC.D - Both Scenarios in playBoth Scenarios here are pretty interesting. At this point in time I'm not sure which one has a better chance of being in play. A lot depends on the wave structure that Bitcoin is printing out in its own chart. Is wave (B) done? Or are we in subwave B of (B) ?
I've said it once, and I'll say it again: this is one of the most important charts you'll need if you're day-trading alts. Mind this chart, and Bitcoin's chart and you will improve your strike rate greatly.
The MTF indicator on the far bottom is hinting that Dominance needs a bounce in the very short term, RSI, Histogram and MACD also printing divergences, so lets see what kind of week we will have. I'm guessing mostly red.
Trade safe!
