Not a financial advisor.
Currently looking at a retest of the wedge as expected on my previous post(linked below).
The most recent momentum has been pretty bearish on the BTC.D.
Just for disclosure, I would love to have an Alt season!
But I am currently looking at the RSI long term restest and the fact that the wedge has been retested,
can make the bull case for a BTC.D continuation to higher values,
at the same time the case for a still bearish momentum,
therefore I would need to give it a couple of days to decide itself.
A drop below current BTC.D levels would make me happy and Ton Vays unhappy!
Currently looking at a retest of the wedge as expected on my previous post(linked below).
The most recent momentum has been pretty bearish on the BTC.D.
Just for disclosure, I would love to have an Alt season!
But I am currently looking at the RSI long term restest and the fact that the wedge has been retested,
can make the bull case for a BTC.D continuation to higher values,
at the same time the case for a still bearish momentum,
therefore I would need to give it a couple of days to decide itself.
A drop below current BTC.D levels would make me happy and Ton Vays unhappy!
Note
Do have a look at the RSI, as there are 2 trends that need to decide which one is the most relevant!Note
Get your Alts ready:Note
BTC.D breaking major trendline.In case this is not a wick...alts might be going for a ride.
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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.