BTC.D
I thought BTC.D would get rejected from my red box. But it consolidated inside that box for a while which makes me doubt of that rejection. And my doubt was true.
BTC.D smashed through the red box and now is inside the green box. Green box is meant to be a consolidation box. Consolidating inside this box is bearish for BTC.D and bullish for the alts. Also, it’s currently reached the trendline resistance which is not that easy to break. So, a rejection here is expected.
Both BTC & BTC.D consolidating and later on rejecting from this box will mean that money will be flowing from $BTC to alts. This will trigger a mini altseason. Invalidation will be a daily closing above the green box.
#BTCDOM #AltSeasonComing
I thought BTC.D would get rejected from my red box. But it consolidated inside that box for a while which makes me doubt of that rejection. And my doubt was true.
BTC.D smashed through the red box and now is inside the green box. Green box is meant to be a consolidation box. Consolidating inside this box is bearish for BTC.D and bullish for the alts. Also, it’s currently reached the trendline resistance which is not that easy to break. So, a rejection here is expected.
Both BTC & BTC.D consolidating and later on rejecting from this box will mean that money will be flowing from $BTC to alts. This will trigger a mini altseason. Invalidation will be a daily closing above the green box.
#BTCDOM #AltSeasonComing