Expected Roadmap of BTCD!
Hi fellow traders,
On this chart I’m analyzing the Bitcoin Dominance (BTC.D) on the weekly timeframe using Elliott Wave principles.
Looking at the structure, I expect a major corrective phase to unfold in the coming years. Historically, we have seen two big Altseasons (1 and 2), followed by smaller rallies. My projection suggests we could first experience a “Mini-Altseason” when BTC.D enters the lower golden box, before heading higher again.
This move up could then create the conditions for a much larger Altseason, similar in magnitude to the previous major ones, once BTC.D reaches the higher golden box zone.
Mini Altseason: Potential short-term relief for alts as dominance corrects lower into the first golden box.
Big Altseason: A larger, more powerful move, expected after BTC.D completes a strong retracement into the upper golden box region.
The invalidation levels are clearly marked, and as long as the structure remains intact, I expect BTC.D to respect these Fibonacci-based zones and follow this corrective path.
This analysis indicates that while we may see a temporary bounce in BTC.D the long-term outlook still favors another significant Altseason ahead.
Good luck and trade safe!
source https://www.tradingview.com/chart/BTC.D/LJZnyjcx-Expected-Roadmap-of-BTCD/
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