$BTC.D - Both Scenarios in play
Both Scenarios here are pretty interesting. At this point in time I'm not sure which one has a better chance of being in play. A lot depends on the wave structure that Bitcoin is printing out in its own chart. Is wave (B) done? Or are we in subwave B of (B) ?
I've said it once, and I'll say it again: this is one of the most important charts you'll need if you're day-trading alts. Mind this chart, and Bitcoin's chart and you will improve your strike rate greatly.
The MTF indicator on the far bottom is hinting that Dominance needs a bounce in the very short term, RSI, Histogram and MACD also printing divergences, so lets see what kind of week we will have. I'm guessing mostly red.
Trade safe!
I've said it once, and I'll say it again: this is one of the most important charts you'll need if you're day-trading alts. Mind this chart, and Bitcoin's chart and you will improve your strike rate greatly.
The MTF indicator on the far bottom is hinting that Dominance needs a bounce in the very short term, RSI, Histogram and MACD also printing divergences, so lets see what kind of week we will have. I'm guessing mostly red.
Trade safe!
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