Hello Traders 🐺
In my last idea, I discussed the potential short-term pump for altcoins, which you can check out here: 👇
As you can see in the chart above, BTC.D dropped exactly as I predicted—so congratulations to all my dear followers who took advantage of it!
But what now?
Despite the recent dumps in the market, I still strongly believe that 64% was the top for BTC.D. Let me explain why:
1️⃣ The chart shows a rising wedge pattern, which is typically a bearish formation.
2️⃣ If BTC.D moves higher again, in my opinion, it could form a double top, making the chart look even more bearish!
3️⃣ Most altcoins are currently experiencing a severe decline, but in the past few days, ETH has shown slight outperformance over BTC, which is a bullish sign.
4️⃣ Always remember that technical analysis is about learning from history and acting accordingly. So far, we have never seen a bull market peak when BTC.D is at such a high level, and the Altcoin Season Index is still around 30%.
I hope you enjoyed this idea!
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
In my last idea, I discussed the potential short-term pump for altcoins, which you can check out here: 👇
As you can see in the chart above, BTC.D dropped exactly as I predicted—so congratulations to all my dear followers who took advantage of it!
But what now?
Despite the recent dumps in the market, I still strongly believe that 64% was the top for BTC.D. Let me explain why:
1️⃣ The chart shows a rising wedge pattern, which is typically a bearish formation.
2️⃣ If BTC.D moves higher again, in my opinion, it could form a double top, making the chart look even more bearish!
3️⃣ Most altcoins are currently experiencing a severe decline, but in the past few days, ETH has shown slight outperformance over BTC, which is a bullish sign.
4️⃣ Always remember that technical analysis is about learning from history and acting accordingly. So far, we have never seen a bull market peak when BTC.D is at such a high level, and the Altcoin Season Index is still around 30%.
I hope you enjoyed this idea!
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Penerbitan berkaitan
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.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Penerbitan berkaitan
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.