Market Cap BTC Dominance, %Updated ALT Season could be Soon
Hi everyone, Let's do it simply.
it seems like we are moving in a rising wedge ... you know its bearish pattern it comes more interesting with THE NEGATIVE divergence in RSI and the volume decreases that strong signals for me,
whatever we still need the confirmation that can come after breaking the support line of the rising wedge. then we can see some ALTS with an interesting rise.
Thank you.
ps: break the resistance will cancel this scenario.
it seems like we are moving in a rising wedge ... you know its bearish pattern it comes more interesting with THE NEGATIVE divergence in RSI and the volume decreases that strong signals for me,
whatever we still need the confirmation that can come after breaking the support line of the rising wedge. then we can see some ALTS with an interesting rise.
Thank you.
ps: break the resistance will cancel this scenario.
Note
another falling wedge with a negative divergence on RSI BTC chart itself looks start losing the momentum
waiting to see which side gonna be broked
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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.