Hello Traders! 🐺
You might have noticed that I haven't posted in a while—so, why the silence?
Over the past two weeks, we've seen massive market manipulation by whales and major players. In times like these, it's often safer to step back, observe, and let the charts reveal the market’s true direction before making any moves.
But now, I genuinely believe the dump is over. Looking at the BTC.D chart, it's currently forming a bearish pattern right at a key resistance level. That alone is enough for me to say: I'm bearish on BTC.D—and by extension, bullish on altcoins!
Why? Because a rising wedge on the weekly BTC.D chart is a strong signal of a bear trap, suggesting money could soon start flowing into altcoins.
Additionally, in the TOTAL3 chart (which excludes BTC & ETH), we see a massive cup and handle pattern on the weekly timeframe. The price has already broken the neckline and is now accumulating above the support line, potentially gearing up to break past its all-time high and push toward a $3 trillion market cap—which, in my opinion, is a conservative target.
I hope you find this idea valuable! Don’t forget to like and follow for more insights. Your support means the world! 🚀
🐺 KIU_COIN 🐺
You might have noticed that I haven't posted in a while—so, why the silence?
Over the past two weeks, we've seen massive market manipulation by whales and major players. In times like these, it's often safer to step back, observe, and let the charts reveal the market’s true direction before making any moves.
But now, I genuinely believe the dump is over. Looking at the BTC.D chart, it's currently forming a bearish pattern right at a key resistance level. That alone is enough for me to say: I'm bearish on BTC.D—and by extension, bullish on altcoins!
Why? Because a rising wedge on the weekly BTC.D chart is a strong signal of a bear trap, suggesting money could soon start flowing into altcoins.
Additionally, in the TOTAL3 chart (which excludes BTC & ETH), we see a massive cup and handle pattern on the weekly timeframe. The price has already broken the neckline and is now accumulating above the support line, potentially gearing up to break past its all-time high and push toward a $3 trillion market cap—which, in my opinion, is a conservative target.
I hope you find this idea valuable! Don’t forget to like and follow for more insights. Your support means the world! 🚀
🐺 KIU_COIN 🐺
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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.