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BTC.D - Altcoin Season Getting Closer ❗️
Market Cap BTC Dominance, %
BTC.D - Altcoin Season Getting Closer ❗️
By TheSignalyst
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Mar 27, 2023
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Mar 27, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌
BTC.D has been stuck inside a weekly range
for for almost two years.
After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green.
📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance.
That's why we are speculating Altcoins to gain strength after a couple of days / weeks.
For now, as long as BTC.D is trading higher
, BTC would be dominant and outperforming almost all altcoins.
What do you think? Will BTC.D reject the red resistance or break it upward? and why?
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
2023
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