BTC DOMINANCE Update (4H)
This analysis is an update of the analysis you see in the "Related publications" section
As expected from the previous analysis, we anticipated a drop in this index, and the drop is currently in progress.
One important point to note is the green zone, which is a strong support area. It is possible that the diametric/symmetrical structure we discussed in earlier analyses is still intact. In that case, wave F of this diametric pattern may complete in the green zone, and candles could then enter wave G | a bullish wave that may trigger a significant correction in altcoins.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
source https://www.tradingview.com/chart/BTC.D/pNgXyhRH-BTC-DOMINANCE-Update-4H/
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