$BTC.D (weeklY(: WAVE C to the downside next (49%)?

BTC dominance, the WEEKLY chart for a better idea as fas as where we are with this crypto game after recent developments with the trade war in mind.

So the weekly chart is actually looking amazing for altcoins, we are most likely heading for a much deeper correction purely based on the technicals here, not speculation.

The most important level to watch is 57.2% as a multi-cycle SUPPORT/RESISTANCE level. Back in 2021, when that exact level broke down (orange RECTANCLE on the left side), it ended up crashing all the way down to 39%. That was a full-blown #Altseason which lasted for a few weeks.

Seasonality-wise, Q4 should be the best for crypto, so we would have a brilliant correlation if 57.2% becomes resistance again, so far, there was a bounce off it at the beginning of September, which triggered nothing but bleeding ever since.

So, this is a long-term view, if correct, then we should get a WAVE C correction to 54.6% or more optimistically, 49% or even below. I would bet on 49% personally, if I had to make a based guess.

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