Did Small Cap Altcoins Bottomed In?

539
Hello, Skyrexians!

It's not a secret that we are waiting for Bitcoin dominance drop to at least 62% right now, but after that we expect the final shakeout to 67%, but the OTHERS.D gave us a hint that may be this shakeout will not affect on low cap alts that much like on top-10.

Let's take a look at the 12h time frame to see the waves in details. After a large wave 3 we have seen the triangle correction in wave 4, after that price showed the impulsive structure in wave 5. Subwaves 3 and 5 formed divergence with the Awesome Oscillator. Yesterday's dump looks like the deep wave 2 inside new impulse to the upside. Green dot was formed on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] which confirms the further growth scenario.

Best regards,
Ivan Skyrexio

___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。