BTC.D weekly upward trend has broken down. It’s currently testing previous support as resistance, once its finished testing the resistance it will crash. IMO, ALT season could start any day now.
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As we've seen, BTC.D hasn’t dropped yet! My earlier comment about an alt season kicking off any day now was clearly off the mark. That said, the support-turned-resistance level is still holding solid and aligns perfectly with the trendline. My overall thesis remains intact, though it’s taking longer than expected. If BTC.D breaks above the trendline, then my idea’s officially busted.. Thanks for the likes and comments!!
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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.