Polygon's macro formation is almost identical to the last cycle. The breakout at that time was shortly after bitcoin broke the ATH for good and its dominance began to fall. The current situation is very similar, with bitcoin dominance resistance possibly being reached within a few weeks. If history rhymes, polygon could take off to reach $10.
Looks like BTC is almost identically repeating the consolidation pattern from Dec 2020 before a huge move upwards.
Hi everyone! I believe this cycle is repeating the same fractals seen in 2013 and 2017. On the weekly frame, BTC got rejected on a major resistance, which if broken would flash a buy signal in the Supertrend indicator (picture below). Since the liquidation that occurred after the rejection, BTC came as far as to touch the 21 weekly SMA (blue line) which is...