New CME gap formed sooner or later it has to fill, will see 🙈,
“BTC Dominance Wave 5: The Final Flex Before the Altcoin Party 🎉🚀”
Let’s break it down nice and easy: Bitcoin dominance is like a heavyweight champ catching its breath (Wave 4 correction) before delivering the final knockout punch (Wave 5). Altcoins? They’re waiting ringside, hoping BTC trips over its shoelaces. Spoiler alert: BTC will dominate first, but the party isn’t over – Altcoin season is coming. 🎊
Elliott Wave: What’s Going On?
Wave 1: BTC dominance woke up, rising from 40% to 48-50%.
Wave 2: A chill correction pulled BTC dominance back to 46%.
Wave 3: Boom! 🚀 Dominance exploded to challenge the 60% resistance, showing altcoins who’s boss.
Wave 4 (Current): BTC is chilling, taking a coffee break at 57.75%. Altcoins are breathing tiny sighs of relief.
But Wave 5 is coming. And when it does:
Expect BTC dominance to smash 60% and climb to 62-64% like a man on a mission.
Altcoins will look weak, and people will panic-sell their bags.
And Then Comes the ABC Correction – Altcoin Season 🎆
Here’s where things get fun (finally!):
Once Wave 5 ends, BTC dominance will take a hit. The market will enter the ABC correction phase.
During this phase:
A: BTC dominance dips.
B: A fake bounce (BTC tries to flex again but fails).
C: A final dominance drop toward 54%–50%.
This is the golden moment for altcoins. 🥳
Why? Because when BTC dominance pulls back, liquidity shifts into altcoins. Altcoins will pump, portfolios will moon, and Twitter will be flooded with “Altcoin Season!” memes.
What Should You Do?
1. Short-Term: Expect BTC to dominate further as we finish Wave 5. Don’t fight the king. 👑
2. Mid-Term: When BTC dominance hits resistance (62%-64%), prepare for the ABC correction.
3. Long-Term: Keep your altcoin gems ready. When BTC takes a breather, altcoins will steal the spotlight and make you feel like a trading genius. 💎🚀
Final Words: BTC Dominates Now, Altcoins Party Later 🥂
For now, BTC dominance is flexing hard, but it’s only Wave 5 away from handing altcoins their moment in the sun. So sit tight:
BTC will dominate (because it always does).
Altcoin season will follow (because it always does).
And when it happens, the ABC correction will feel like Christmas morning for altcoin traders. 🎄✨
So stay sharp, don’t FOMO, and get ready for the real party after the storm. 🎉