After we saw a bullish bat harmonic pattern play out, we saw the price go from 29k to to 53k.
Now we can see a clear bounce from the middle line of the channel.
I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k.
Also note that BTC dominance is forming a double bottom, which indicate multiple month of downwards price action for altcoins. Bringing BTC dominance up and overall fear in the market for the next few months...
- Just my vieuw on the market, do your own reasearch.
Goodluck.
Now we can see a clear bounce from the middle line of the channel.
I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k.
Also note that BTC dominance is forming a double bottom, which indicate multiple month of downwards price action for altcoins. Bringing BTC dominance up and overall fear in the market for the next few months...
- Just my vieuw on the market, do your own reasearch.
Goodluck.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.