Altcoin Dominance, Others.D
Hello
Continuing to answer the question of where Altcoin capitalization will go by the end of 2020, I would like to use the H4 and D framework charts
Currently, After a capitalization growth from 1% in 2016 to a peak of 12%, Altcoin has gone through 3 phases of growth and decrease, as follows:
Running 3 corrected waves from 12% to 4.7% in December 2017, wave A, span 2, frame D4, uptrend of capitalization, correction span to Fibo area 68.4%, hard fibo mark of wave II and difficult to overcome. this
Continuing 2 beats of wave B (Wave B complex running Flat), with a beat from 4.7 to 12 then down to 4.7
Currently, the last 5 up waves in wave B are corrected from 4.7 to 12 again. The period at the time of writing is that wave 4 has just been calibrated, now at rhythm 1 wave 5 this cycle lasts from now to the end of 2020.
Predict the future:
Short-term
Altcoin will rise continuously to the fibo mark above the top of the last rally, hit the target and go down. Refer to the article on the Channel
Mid-term
The market in early 2021 will have a very fast and strong corrective wave to 4.7 again, expected in February - March 2021, then very quickly regain growth and skyrocket to 22% and even high. more.
Long-term
Altcoin is in the longest bull wave ever in terms of capitalization, the market becomes more active and interested in Altcoin more, the market cap may peak at 40-50% of total capitalization. market
If you have questions, please comment below or in the Trade Plus Chat group
All transactions need to place Stop loss, this article reviews about the trend, and for which trading codes you need to consider each chart.
Sincerely thank you
Continuing to answer the question of where Altcoin capitalization will go by the end of 2020, I would like to use the H4 and D framework charts
Currently, After a capitalization growth from 1% in 2016 to a peak of 12%, Altcoin has gone through 3 phases of growth and decrease, as follows:
Running 3 corrected waves from 12% to 4.7% in December 2017, wave A, span 2, frame D4, uptrend of capitalization, correction span to Fibo area 68.4%, hard fibo mark of wave II and difficult to overcome. this
Continuing 2 beats of wave B (Wave B complex running Flat), with a beat from 4.7 to 12 then down to 4.7
Currently, the last 5 up waves in wave B are corrected from 4.7 to 12 again. The period at the time of writing is that wave 4 has just been calibrated, now at rhythm 1 wave 5 this cycle lasts from now to the end of 2020.
Predict the future:
Short-term
Altcoin will rise continuously to the fibo mark above the top of the last rally, hit the target and go down. Refer to the article on the Channel
Mid-term
The market in early 2021 will have a very fast and strong corrective wave to 4.7 again, expected in February - March 2021, then very quickly regain growth and skyrocket to 22% and even high. more.
Long-term
Altcoin is in the longest bull wave ever in terms of capitalization, the market becomes more active and interested in Altcoin more, the market cap may peak at 40-50% of total capitalization. market
If you have questions, please comment below or in the Trade Plus Chat group
All transactions need to place Stop loss, this article reviews about the trend, and for which trading codes you need to consider each chart.
Sincerely thank you
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