massive head and shoulder pattern the diagonal trendline/ neckline will be the deciding point.
At the moment we are trading just before it and would expect a bounce for a short term end of the old season.
If we close below the neckline on the weekly chart, I expect another run of alts with sick gains to come.
At the moment we are trading just before it and would expect a bounce for a short term end of the old season.
If we close below the neckline on the weekly chart, I expect another run of alts with sick gains to come.
Trade active
Note
Pattern target is around 40 btwNote
Looks like we could see a sign of life in BTC dominance soon. A lot of alts already blew off or are in process to.
Note
BTC shows support at pattern target
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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.