Growth On Altcoins Is Beginning Right Now!

Hello, Skyrexians!

Last week our main purpose was to catch the potential bottom for OTHERS.D and top for Bitcoin dominance. While the BTC.D has not still flashed the reversal signal, but altcoins did. So, we have a chance that reversal is coming, but don't be so optimistic on that, we need to see some extra confirmations anyway.

Let's take a look at the daily chart. Here we can see the 5 Elliott waves structure. Previous Elliott waves we have already looked in details in our recent analysis, today we need only wave 5. We pointed out 7-7.6% as a final target. The most likely reversal target was 7.4%, but now we are seeing good reaction from the minimal target. Yes, we have green dot signal on the Bullish/Bearish Reversal Bar Indictor [Skyrexio]. This is very strong, but let's wait at least the momentum change on the Awesome Oscillator and the opposite signal on the Bitcoin dominance.

Best regards,
Skyrexio Team

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