From the chart, we can clearly see Btc.d just has tested the bottom support of the channel. If that support broke out, we should see massive gains of alts as well as BTC. But if it is tested and went towards the upper resistance, It's a bad time for alts in the current situation. Then if it succeeds in breaking the above resistance, there is no doubt bitcoin will dump for its major demand zones. Should avoid taking long positions from here since this is a conclusive situation.
Trade active
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.