Altseason Loading… or Delayed ? Hello Traders 🐺
This is a quick update about the possible short-term movements of BTC.D.
As you can see on the chart, price has formed a clear bear flag pattern, and in my opinion, it's currently trying to break above a resistance box — but this pump isn't because of an altcoin correction — it's mostly due to Bitcoin's recent upward movement.
So in my view, we have two different scenarios:
1️⃣ BTC.D goes a little bit higher to create a larger double top pattern with the previous high at 65.52%, and then we may witness the true start of altcoin season.
2️⃣ BTC.D fails to hold the blue support line, and if the price drops below the previous low at 62%, this could finally be what we've been waiting for over the last 4 years... 🚀
I hope you enjoyed this idea — and as always, don't forget our golden rule:
Discipline is rarely enjoyable, but almost always profitable.
KIU_COIN
