Hello Traders 🐺
As you can see on the chart, BTC.D is forming a rising wedge pattern on the daily timeframe. 📉 If you’ve already read my last idea on BTC.D, you probably know that the weekly chart also looks extremely bearish. Considering this pattern, along with the massive bearish divergence on the weekly timeframe, we could be on the verge of a major drop—possibly marking the start of Altcoin Season 2025! 🚀🔥
📉 Price Target
The price target of this rising wedge pattern is the bottom of the wedge, which suggests at least a 10% drop in BTC.D. And you know how it goes—if BTC.D drops 10%, we could easily see a 100% pump in Altcoin prices! 💥 Make sure to keep your eyes on the chart and don’t miss the train! 🚂💸
In my humble opinion, if BTC.D fulfills the wedge’s target, it will also result in a breakdown from a crucial long-term support level—potentially triggering even more downward momentum. 👀🔥
and always remember :
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
As you can see on the chart, BTC.D is forming a rising wedge pattern on the daily timeframe. 📉 If you’ve already read my last idea on BTC.D, you probably know that the weekly chart also looks extremely bearish. Considering this pattern, along with the massive bearish divergence on the weekly timeframe, we could be on the verge of a major drop—possibly marking the start of Altcoin Season 2025! 🚀🔥
📉 Price Target
The price target of this rising wedge pattern is the bottom of the wedge, which suggests at least a 10% drop in BTC.D. And you know how it goes—if BTC.D drops 10%, we could easily see a 100% pump in Altcoin prices! 💥 Make sure to keep your eyes on the chart and don’t miss the train! 🚂💸
In my humble opinion, if BTC.D fulfills the wedge’s target, it will also result in a breakdown from a crucial long-term support level—potentially triggering even more downward momentum. 👀🔥
and always remember :
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
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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.
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.