Bitcoin , on the 30-minute chart, has an , which it seems to be currently respecting. For now, it seems to be heading back downwards, with an ample amount of time to account for at least a day. Quite a few altcoins are in a position of potential breakout, and the time period in which those will converge and close are in the 12-36 hour time period, which coincides with the current BTC fall. It is my personal opinion that for tonight, BTC will move downwards this channel, causing many altcoins to enjoy one last high before BTC regains market dominance.
Trade with care.
If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated!