BTC has been in consolidation 2 weeks with declining volume, implying a reversal.
Price action is in a symmetrical triangle, which is a direction neutral but coming from a big move could be considered as a bullflag.
Once trendlines break look for moves to interest areas and then measured moves.
-Best buy would be the long term the long term trendline holding
-If you hold the faint trendline then it might become a descending channel
-If you break res then look to get in on a pull back to sup/trendline and hold for a continuation higher to new all time highs
Would love to hear your opinions or feedback, Thanks
Price action is in a symmetrical triangle, which is a direction neutral but coming from a big move could be considered as a bullflag.
Once trendlines break look for moves to interest areas and then measured moves.
-Best buy would be the long term the long term trendline holding
-If you hold the faint trendline then it might become a descending channel
-If you break res then look to get in on a pull back to sup/trendline and hold for a continuation higher to new all time highs
Would love to hear your opinions or feedback, Thanks
With two higher lows on the weekly you cant be overly bearish on Dom, it has been retracing for the whole duration of BTC's consolidation implying that it is in Bitty's favour, although alts had their time to shine.
Looks like dom will at least try to make a bounce and would make a Bittys move out of consolidation.
-It would be level by level 43.9-44.15% then 45-45.3% then 46.6-47.15% and then a higher high
-If we fail to bounce here then looking for 42% then 41.3% and anywhere between 41.15- 39.80% for a likely bounce
👀 Fail to hold 40 % would mean a HUGE mark up for alts.