66% Is Actual Again For Bitcoin Dominance

1 769
Hello, Skyrexians!

Sad news, pump on Sunday was a huge fake. If you remember our last BTC.D analysis we pointed out that if we will see 60% breakdown there is. great chance to see altseason right now. But Dominance started to grow again and finally we have no doubts that shakeout will happen.

Let's take a look at the daily time frame. Here we can see the clearest Elliott waves structure. Wave 3 has the max AO as usual, and wave 4 was a flat correction which found support at 0.5 Fibonacci. Now we can see that final wave 5 to the 66% target. Don't pay attention to the red dots on Bullish/Bearish Reversal Bar Indicator [Skyrexio], they are not important inside the range and can be counted a signal only at the potential end of wave 5 in conjunction with the divergence.

Best regards,
Skyrexio Team

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