BTC Dominance Elliott Wave analysis 29/Apr 2021
BTC dominance is currently declining, primarily as a result of the recent ETH run (and other alts).
A simple Fib retracement analysis suggests that BTC dominance could fall further to the 78.6% support level of 43.59 following the break through the 61.8% support at 50
Closing the day below 43.59 would suggest a further decline in BTC dominance
DISCLAIMER:
Do not trade more than you can afford to lose.
Past performance does not guarantee future results.
A simple Fib retracement analysis suggests that BTC dominance could fall further to the 78.6% support level of 43.59 following the break through the 61.8% support at 50
Closing the day below 43.59 would suggest a further decline in BTC dominance
DISCLAIMER:
Do not trade more than you can afford to lose.
Past performance does not guarantee future results.