BTC.D has broken down from the rising wedge pattern and the MA50. At present, it is undergoing a retest below the Ichimoku cloud. If this retest proves successful below the Ichimoku cloud, it would confirm a downward trend.
A downward trend in BTC.D, occurring while BTC remains in a sideways or bullish state, would serve as confirmation for a strong bullish movement in altcoins.
A downward trend in BTC.D, occurring while BTC remains in a sideways or bullish state, would serve as confirmation for a strong bullish movement in altcoins.
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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.