Quick post here.
We have two main charts to follow, besides obviously the one of BITCOIN.
In one hand, FIAT is filling up the Crypto market cap while ALTCOINS have stopped bleeding and BITCOIN uptrend is not anymore supported by them.
440 Billion USD Market Cap
...and does not look that is going to stop here for the moment despite there is an Ascending Triangle in formation on the hourly chart, this kind of pattern is BULLISH so I expect a continuation of the uptrend for a while.
Bitcoin Dominance smoothly correcting
Yep, a small portion of BTC dominance is being transferred to the altcoins Market, which is a good signal because it is helping the recovery of those cryptos while consolidating around 440 BUSD
still one wave up more?
BTC 1-Hour chart presenting an halt on the way up with a slight reduction of the trading volume and forming what seems to be a falling wedge, Bullish pattern btw, to build the corrective wave 4.
Since the third wave has been an extended one, the "reasonable count" would not bet for an extended 5th, but it can be as well since the third is already longer than the first.
Enjoy the weekend!!!
@toofasteddie
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
