Repeating Patterns May Lead to a New ATH for Alt Dominance
Alt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%.
See the white drawn pattern and its white dashed neckline on the chart.
The same area of breakout and re-test from the smaller white pattern is forming another similar small right shoulder on a larger HSi as drawn in blue, with its neckline as the blue dashed line.
Should the blue pattern be a repeat of the smaller white one, and breakout of its neckline as well (note that it should as long as the white pattern continues up towards its initial target), it will target 21.8% upon confirmation and any successful re-tests of its neckline.
More related ideas for BTC.D and OTHERS.D in the Related Ideas section below.
This would suggest the possibility for a new ATH for alt dominance. For confluence, note that the halfway point towards 21.8% nearly equals the initial target of the smaller white pattern at 16.6%. And, rising green volume into the move.
See the white drawn pattern and its white dashed neckline on the chart.
The same area of breakout and re-test from the smaller white pattern is forming another similar small right shoulder on a larger HSi as drawn in blue, with its neckline as the blue dashed line.
Should the blue pattern be a repeat of the smaller white one, and breakout of its neckline as well (note that it should as long as the white pattern continues up towards its initial target), it will target 21.8% upon confirmation and any successful re-tests of its neckline.
More related ideas for BTC.D and OTHERS.D in the Related Ideas section below.
This would suggest the possibility for a new ATH for alt dominance. For confluence, note that the halfway point towards 21.8% nearly equals the initial target of the smaller white pattern at 16.6%. And, rising green volume into the move.
