After a failed trendline retest and weeks of exhausted uptrend, dominance is likely heading to 61%—a measured move down to the 0.382 fib level, right where the EMA/SMA are stacked. BTC will chill between 102–110 ( needs a lot of consolidation after 8 weeks of uptrend). Alt season is knocking—grab your bags .
Note
In BTC charts things also look fine , both weekly and monthly candle closed above previous highs on closes basis , the more BTC stays in this state , more chance alts have to start a leg up
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.