$BTC.D 2D (#CryptoCap) Parallel channel
업데이트됨
Bitcoin Dominance is on the verge of a massive move, we see two possible scenarios here:
1) Rejection on midline, leading to a rising wedge breakdown and losing 100MA (red) support
=> #AltSeason
2) Continuation, leading to a descending trendline breakout and regaining 100EMA (orange) resistance
=> #RektSeason
Current Value= 42.68%
Take Profit= 39.06% | 48.12%
Estimated Gain-time= 2 months
1) Rejection on midline, leading to a rising wedge breakdown and losing 100MA (red) support
=> #AltSeason
2) Continuation, leading to a descending trendline breakout and regaining 100EMA (orange) resistance
=> #RektSeason
Current Value= 42.68%
Take Profit= 39.06% | 48.12%
Estimated Gain-time= 2 months
노트
Rising wedge broke downBitcoin Dominance lost 100MA (2D) & 50MA (12h), this is surprising since market went down but Altcoin seem stronger than Bitcoin.
We may see an AltSeason after all, let's accept that scenario and short the Dominance then!
액티브 트레이드
Bitcoin Dominance went for full bearish retest of the wedge before being rejected again.AltSeason scenario is still in play as long as it stays below resistance, probably a good time to expose on a few Altcoin.
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