I think BTC will fall all the way down below $3100 in the coming bear market. BTC just finished its 5th wave to the upside, now we need are looking forward to an ABC correction which will take BTC all the way between the 4th and the 1st wave.
Not financial advice.
I think we're currently in the 4th wave.
5th wave most likely will reach the Final Fib Extension (green dotted line). I think Tech Stocks Bubbles has already started popping.
And I think we'll enter a massive bear market in the coming years.
This is not financial advice, just my views.
Looking at the XRP/BTC chart.
XRP looks very undervalued compares to bitcoin.
Last time when XRP touched this level it skyrocketed to the upside, in 2018.
And we are again, at the exact same level, trying to cross it in 2021. And with r/wallstreetbets and DOGECOIN pump last week. Twitter and reddit is getting excited for a XRPPUMP on 1st Feb 8:00 AM...
I've been studying and trying to understand more about technical analysis.
Social Media is filled with people talking about Alt-season. So I think this is how the BTD Dominance will react when Alt-season comes this season.
Please, let me know if you found my analysis any good :)
