formation of D wave on monthly then down
Hi this is my monthly evaluation of bitcoin dominance.
Overall the monthly chart I find is more reliable for long-term analysis.
RSI is below 40 on monthly + negative macD (although mid-term has uptrended) and negative OBV all indicate that this is a bearish trend
Looking at the count the A wave was an impulse down. Then we had B --> C. Now the D wave is playing out after the bullish RSI divergence.
I am not really impressed with magnitude of D wave.
Despite all the volume BTC.D has not moved up and really has hovered between these 2 levels.
I think after D should see another impulse to complete wave E down - mini- Alt season starting in June I believe.
Let's see... waiting patiently
Overall the monthly chart I find is more reliable for long-term analysis.
RSI is below 40 on monthly + negative macD (although mid-term has uptrended) and negative OBV all indicate that this is a bearish trend
Looking at the count the A wave was an impulse down. Then we had B --> C. Now the D wave is playing out after the bullish RSI divergence.
I am not really impressed with magnitude of D wave.
Despite all the volume BTC.D has not moved up and really has hovered between these 2 levels.
I think after D should see another impulse to complete wave E down - mini- Alt season starting in June I believe.
Let's see... waiting patiently
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.