@IamZeroIka Hey Ika, when we look at marketcap dominance is this in relation to BTC. Or the market overall? When you say dropping below 3,8% is that good for alts or bad?
@real2023Oz@IamZeroIka@TraderDune No body closure below protective stop loss so no break of structure or break of that support level.
No body closure below stop loss area and potentially the previous high of bar or top of candle I believe could be used to reload shorts
@DusfinLas@Wolfquant Because itโs a bigger market cap now so needs a lot more money to move the market.
Gotta bring the targets down compared to last cycle
@PartTimeCharts Oh yeah that makes sense! Like when you draw horizontal support or resistance. Most of the time itโs an area of key support rather than a direct price line.
Is there a box trend line tool that would work for this or just be subjective to what fits the line?
@Qapitalizt@Max1milianPrice Totally agree. All bearish influencers are regurgitating each others opinions and most of them are comparing our current chart to the one in 2017.
Big difference :)
@Trader_XO Everyoneโs now bearish and calling for $74k.
You all follow each others opinions. Why are you trying to compare current state to a market date over 7 years ago?
@Wolfquant Just started looking into your alt bag. Time to stop being ignorant and learn from you.
You said $94k would be bottom for BtC before retracement higher, (as long as macro trend holds) however wave theory brings us to 88k.
Thoughts on that Wolf?
@IamZeroIka This is SO good Zero. You nailed it. Would the 86k/90k coincide with the a,b,c Elliot wave retracememt we are currently undergoing?
From your experience can reversals happen before an inauguration or is there to much unease before this time?
@IamZeroIka Thank you so much Zero.
Iโve always been sceptical of TA from random people but you have my 100% full attention now after providing solid evidence for weeks now