A general rule of thumbs is whenever BTC is near or below the 21 Weekly EMA, BTC.d pumps. Real alts season happens only when BTC moves over the 21 Weekly EMA for quite a bit. When BTC touched the 21 Weekly EMA on the 17th of May, Alts suffered tremendously. This trend will continue, until BTC bottoms and starts a bull run.
Testing the descending widening wedge resistance can be the top of BTC.d . I estimate BTC be around 100k in October at the peak of BTC.d.
I expect that ETH flips BTC this year in late October. If ETH.d and BTC.d continued their path before this May's dump, ETH would have flipped BTC in mid June.
Testing the descending widening wedge resistance can be the top of BTC.d . I estimate BTC be around 100k in October at the peak of BTC.d.
I expect that ETH flips BTC this year in late October. If ETH.d and BTC.d continued their path before this May's dump, ETH would have flipped BTC in mid June.
Note
next touch of support is probably the top of the market Note
Going as plannedNote
readjusted fractal
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Disclaimer
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.