Bitcoin wedge = Alt coin rally
On the hourly chart there is a wedge forming it could break either way but I think down is more likely.
If it breaks down we see Bitcoin go sideways while alt coins rally. Then I expect Bitcoin to break down to 21 weekly EMA. Before we see Bitcoin's next rally.
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.