Looking to see if BTC .D EMA8 holds above EMA34 and rallies up. Would be either a stong continuation BTC rally to 20-25k, or a BTC dump. Market is unpredictable and extremely bullish , so wait and see. Alternative course is for BTC to hold steady between 18-20k and we see the ALTS catchup.
A continuation pennant pattern means a drop, but fundamentals look strong.
Waiting to see a crossover with EMA8 and EMA50
We're under the 200day MA so it's not looking good for BTC dominance. Also broken long-term trend-line Looks like a descending triangle is forming for BTC .D. If this completes, I can see it stopping at 50 in 6 months and then reversing, and then the main BTC bull market will start.
The lower graph is Bolinger Band Width, which is a measure of volatility. When we get very low volatility, it is a sign that a major trend is about to start. If you look at Bitcoin just before it nosedived from 6k, you'll see the same story - a multi-month continuation pattern and a tightening volatility, here BTC went south, but as it is a continuation pattern...