Hello, Skyrexians!
It’s not a secret that we are waiting for Bitcoin dominance drop to at least 62% right now, but after that we expect the final shakeout to 67%, but the OTHERS.D gave us a hint that may be this shakeout will not affect on low cap alts that much like on top-10.
Let’s take a look at the 12h time frame to see the waves in details. After a large wave 3 we have seen the triangle correction in wave 4, after that price showed the impulsive structure in wave 5. Subwaves 3 and 5 formed divergence with the Awesome Oscillator. Yesterday’s dump looks like the deep wave 2 inside new impulse to the upside. Green dot was formed on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] which confirms the further growth scenario.
Best regards,
Ivan Skyrexio
