💵 BTC.D - 1W TimeFrame

For those who don't know, «Bitcoin Dominance» ➡️ is the ratio of Bitcoin's market capitalisation to the total market capitalisation of other cryptocurrencies 💰. The graph in front of you is used to measure Bitcoin's relative share of the entire cryptocurrency market.

The terminology has been sorted out ✅, so let's move on to the analysis. At the moment, we can observe the formation of a global ABCDE triangle. The current growth is taking place within the wave C, 🔜 which is already close to its completion. According to my calculations, it should not go above 69%-70%. After reaching this area, a decline is very likely to begin ⏬, during which the altcoin market will get a breath of fresh air. I will say right away that you should not run out and buy everything, because the market has changed a lot in recent years, and I am sure that we will not see the good old altcoin season!$BTC $ETH $SOL