Healthy Correction for BTCUSD coming
Updated
A lot of the supports that have developed over the course of the past few months are about to be tested.
Short for the near term on BTCUSD, but I think this will result in a flippening in dominance over to other assets in the Crypto space such as ADA, ETH, SOL, BNB, UNI, and CAKE.
Are you ready for Alt season? If so, which alts are you thinking have the most growth potential in a BTC down scenario? Comments and alternative views welcome! Thanks for your time
Short for the near term on BTCUSD, but I think this will result in a flippening in dominance over to other assets in the Crypto space such as ADA, ETH, SOL, BNB, UNI, and CAKE.
Are you ready for Alt season? If so, which alts are you thinking have the most growth potential in a BTC down scenario? Comments and alternative views welcome! Thanks for your time
Note
BTC testing the bottom blue resistance curve. If it bounces up against this line enough times, it'll form an ascending triangle/wedge, which is still bearish. If it breaks above, it'll likely make a lower high at the upper blue resistance curve, which is still bearish and lines up with an inverse cup & handle. That would likely be the longest path to a correction. Anything above the ATH though and all bets are off. That would be very unexpected, but we are dealing with Crypto, so nothing's off the table.
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