$BTC.D 2D (#CryptoCap) Parallel channel

17 февр. 2022 г.

Bitcoin Dominance is on the verge of a massive move, we see two possible scenarios here:

1) Rejection on midline, leading to a rising wedge breakdown and losing 100MA (red) support
=> #AltSeason

2) Continuation, leading to a descending trendline breakout and regaining 100EMA (orange) resistance
=> #RektSeason

Current Value= 42.68%
Take Profit= 39.06% | 48.12%
Estimated Gain-time= 2 months

21 февр. 2022 г.

Заметка

Rising wedge broke down

Bitcoin Dominance lost 100MA (2D) & 50MA (12h), this is surprising since market went down but Altcoin seem stronger than Bitcoin.
We may see an AltSeason after all, let's accept that scenario and short the Dominance then!

21 февр. 2022 г.

Сделка активна

Bitcoin Dominance went for full bearish retest of the wedge before being rejected again.
AltSeason scenario is still in play as long as it stays below resistance, probably a good time to expose on a few Altcoin.