Bitcoin dominance is kicking back - Elliott Wave analysis

in #crypto • 3 years ago
  • Bitcoin dominance kicks back
  • XXX/BTC seem more weaker ahead
  • ETHBTC and LTCBTC have room for lower levels

Looking at XXX/BTC cross pairs, we believe that Bitcoin dominance is kicking back and we can clearly see a downside pressure on XXX/BTC crosses which may see even more weakness in upcoming days/weeks, maybe months. Looking at ETHBTC and LTCBTC, we can clearly see room for lower levels, as ETHBTC can be trading within wave C/3, while LTCBTC can be pointing back to lows for wave »v« of C, however, of course, this may take some time to fully unfold.

ETHBTC 4h Elliott Wave Analysis Chart

ethbtc.png

LTCBTC Daily Elliott Wave Analysis Chart

ltcbtc.png

#elliottwave #bitcoin
3 years ago in #crypto by
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