Current: 57.98% |
Pattern: Large descending triangle since November peak
Technical Analysis:
1. Macro Structure
- Multi-month descending trendline resistance
- Double rejection at 60% level
- Key support at 56% zone
- Volume profile decreasing in consolidation
2. Key Levels
- Major resistance: 60%
- Current resistance: 58%
- Critical support: 56%
- Target zone: 52-54%
3. Signals
- Triple rejection at descending line
- Volume decreasing in triangle
- Weak bounces from support
- Bearish RSI divergence forming
Trading Scenario:
- Targets:
T1: 56% (initial support)
T2: 55% (measured move)
T3: 54% (max target)
Market Implications:
- BTC.D drop typically signals alt season
- Monitor top 10 alts for rotation
- ETF approval could affect dominance
DYOR - Not financial advice. High-risk market period with ETF decisions approaching. Size positions accordingly.
Pattern: Large descending triangle since November peak
Technical Analysis:
1. Macro Structure
- Multi-month descending trendline resistance
- Double rejection at 60% level
- Key support at 56% zone
- Volume profile decreasing in consolidation
2. Key Levels
- Major resistance: 60%
- Current resistance: 58%
- Critical support: 56%
- Target zone: 52-54%
3. Signals
- Triple rejection at descending line
- Volume decreasing in triangle
- Weak bounces from support
- Bearish RSI divergence forming
Trading Scenario:
- Targets:
T1: 56% (initial support)
T2: 55% (measured move)
T3: 54% (max target)
Market Implications:
- BTC.D drop typically signals alt season
- Monitor top 10 alts for rotation
- ETF approval could affect dominance
DYOR - Not financial advice. High-risk market period with ETF decisions approaching. Size positions accordingly.
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.
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.