While Bitcoin maximalists position for higher dominance, this Elliott Wave triangle pattern on $BTC .D is signaling a macro breakdown that could pave the way for an extended altcoin expansion.
After completing a primary 5-wave motive structure, market dominance is now consolidating inside a corrective triangle wave (b) pattern around 59.23% . The Elliott Wave projection anticipates a final sub-wave completion within the triangle before resolving in an aggressive wave (c) impulse lower.
Holding below the triangle invalidation level at 63.42% preserves the corrective consolidation framework. A breakdown and weekly close below confirmation support at 54.54% triggers the wave (c) decline, targeting lower Fibonacci support zones at 50.63% (0.5 Fib), 47.57% (0.618 Fib), and 43.53% (0.786 Fib).
Don't ignore shifts in market dominance—watching $BTC .D breakdown confirms when liquidity flows aggressively into alts.
#BTC #BTC dominance #Altseason #CryptoAnalysis #TechnicalAnalysis
After completing a primary 5-wave motive structure, market dominance is now consolidating inside a corrective triangle wave (b) pattern around 59.23% . The Elliott Wave projection anticipates a final sub-wave completion within the triangle before resolving in an aggressive wave (c) impulse lower.
Holding below the triangle invalidation level at 63.42% preserves the corrective consolidation framework. A breakdown and weekly close below confirmation support at 54.54% triggers the wave (c) decline, targeting lower Fibonacci support zones at 50.63% (0.5 Fib), 47.57% (0.618 Fib), and 43.53% (0.786 Fib).
Don't ignore shifts in market dominance—watching $BTC .D breakdown confirms when liquidity flows aggressively into alts.
#BTC #BTC dominance #Altseason #CryptoAnalysis #TechnicalAnalysis
