Hi Traders,
As we see BTC dominance struggle to give us a clear direction, its likely in my opinion that BTC dominance is going to drop with 1 clue so far, but a weak clue it is.
With DOT, I have it as a large re-accumulation structure and with early signs that BTC has found the bottom on this occasion, but might range a little more around here.
I have here the macro wave 3 to 4 Elliot wave in a complex wave formation taking place. You might say, another Wyckoff re-accumulation structure.
or ABC correction where 3 is point B.
The targets are based on the structure and i have not yet applied the fib extension ....couldn't be stuffed at this point in time. Maybe later post updates.
Hence I don't see the ALTs or DOT making fast moves but gradual upwards trend.
FYI, I also noted many ALTs have some form of reversal structure taking place, or more so, a bullish daily candle.
Hence my main levels of support and resistance are clearly defined here and its likely to pan out in the coming days and\or weeks
All the best,
S.SAri
As we see BTC dominance struggle to give us a clear direction, its likely in my opinion that BTC dominance is going to drop with 1 clue so far, but a weak clue it is.
With DOT, I have it as a large re-accumulation structure and with early signs that BTC has found the bottom on this occasion, but might range a little more around here.
I have here the macro wave 3 to 4 Elliot wave in a complex wave formation taking place. You might say, another Wyckoff re-accumulation structure.
or ABC correction where 3 is point B.
The targets are based on the structure and i have not yet applied the fib extension ....couldn't be stuffed at this point in time. Maybe later post updates.
Hence I don't see the ALTs or DOT making fast moves but gradual upwards trend.
FYI, I also noted many ALTs have some form of reversal structure taking place, or more so, a bullish daily candle.
Hence my main levels of support and resistance are clearly defined here and its likely to pan out in the coming days and\or weeks
All the best,
S.SAri
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Today is the day to let us know we are back to good charts or not.
With DOT, I have this level to trade the breakout, looking for the 3rd touch or 4th. 4th being ideal.
Note on the right, how the 2 day chart is still a beautiful uptrend with a bullish candle followed by another in the making.
So on the smaller time frames we have this entrance point if you have not come in yet.
With DOT, I have this level to trade the breakout, looking for the 3rd touch or 4th. 4th being ideal.
Note on the right, how the 2 day chart is still a beautiful uptrend with a bullish candle followed by another in the making.
So on the smaller time frames we have this entrance point if you have not come in yet.
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