Upward breakout possible on pattern 3W. Bitcoin is also forming pattern 3W up.
In general, altcoins are growing more actively than bitcoin:
What is a signal in favor of price growth.
In general, altcoins are growing more actively than bitcoin:
What is a signal in favor of price growth.
Note
Added a small description of the reasons for placing orders. Hopefully this will make the idea clearer.
Note
Bitcoin broke down consolidation and may decline to the 28K zone. This can lead to lower prices for altcoins.
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Related publications
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.