Tighten your stops & be extremely cautious with Altcoins!
BTC Dominance is breaking out of a perfect Ascending Triangle
Target 1 coincides with the projected MA200 and Major Support zone from 2018-2019
Target 2 coincides with the projected MA300 and Major Horizontal level
If this setup fully plays out, get ready for some blood bath in Alts against Bitcoin in the next couple of months
What do you think about it? Share your thoughts in the comments!
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The information given is never financial advice. Always do your own research
BTC Dominance is breaking out of a perfect Ascending Triangle
Target 1 coincides with the projected MA200 and Major Support zone from 2018-2019
Target 2 coincides with the projected MA300 and Major Horizontal level
If this setup fully plays out, get ready for some blood bath in Alts against Bitcoin in the next couple of months
What do you think about it? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates
The information given is never financial advice. Always do your own research
Nota
Surprisingly that was a bull trap and the ascending triangle eventually resolved to the downside. Currently we're having some relief rally in Alts which can turn into a decent Altseason
I think we will ultimately make a lower low on the dominance this cycle (however I was expecting it to take place definitely not in Q3. We're not close to it, but let's see)
Use 47.6% on BTC.D to manage your risk
Nota
Altseason at it's prime!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🥇 Best Exchange for Leveraged Trading is ByBit
🚀💰 REGISTER HERE AND GET UP TO $30,000 WELCOME BONUS -> partner.bybit.com/b/cryptobullet
Twitter link: twitter.com/CryptoBullet1
🚀💰 REGISTER HERE AND GET UP TO $30,000 WELCOME BONUS -> partner.bybit.com/b/cryptobullet
Twitter link: twitter.com/CryptoBullet1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.