Alt Dominance about to Breakout
Updated
There's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened.
Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new ATL:
Could this be the time for alts to make strong gains against Bitcoin before the next halving run begins?
Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new ATL:
Could this be the time for alts to make strong gains against Bitcoin before the next halving run begins?
Trade active
Broke above the wedge yesterday, re-testing the top of it now:Trade active
Strong breakout today following a significant pullback after a smaller breakout on the dailyTrade active
Getting closer to targets, here's a more recent chart depicting the same w/ slightly adjusted targets:
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