The BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Note
The BTC.D chart is still waiting for the bearish price action. Retest is required.
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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.