As bitcoin corrects, we can look at similarities compared to the top of the 2017/2018 bull run. The total altcoin marketcap lines up perfectly, and using a fractal from the 2018 retrace we arrive at the waves show in the chart. Will we see such an a,b,c wave with the altcoin marketcap taking a huge leap? If so, one might start thinking about selling all assets...
I spotted a simple cup and handle pattern on the DRGN/BTC chart. Might be interesting for folks who want to go long. Decide for yourself if it is worth the trade on a breakout. The project itself seems to be doing well.
disclaimer: inexperienced trader, but I thought I'd share this scenario and see your opinions. small uptrend on the shorter timeframe with resistance of a bigger timeframe H&S neckline, possible short idea on a downward breakout of the small uptrend
I'm a beginner at trading but the RSI, MACD and a break of the upper channel seems may indicate that btc can turn bullish again