"Alt season" has pushed BTC.D down to 40 area, but how low will it go. How long can this last. Weekly RSI is way down at 15 now and Bitcoin looks to have taken a first clumsy step down a big hill. I don't think BTC.D will get to 30 like 2018, but we'll see.
Note
Of course the million dollar question is; will alts continue to surge after Bitcoin's first capitulating bounce? Its very hard to know because there are many differences. This long domed Bitcoin top has been nothing like previous tops. Will there be a last gasp blow off top rally following Bitcoin's first capitulating bounce or will it be over then?Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.