Rising wedge retest
BTC.D broke down from the rising wedge, which is a bearish pattern.
A retest of the structure is likely, and can happen 2 ways.
The bad way is that the market collapses, a black swan event etc - everyone gets scared and flies to safety and sells alt coins...
OR
BTC breaks 100k, and alt coins stay stable.
This is the best possible outcome for Alt Season to start!
A retest of the structure is likely, and can happen 2 ways.
The bad way is that the market collapses, a black swan event etc - everyone gets scared and flies to safety and sells alt coins...
OR
BTC breaks 100k, and alt coins stay stable.
This is the best possible outcome for Alt Season to start!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.