I made this chart 2 weeks ago, i nailed it , looks like dominance is trapped there for a while ! in that descending channel ! looks huge ! it we dont breakout we will see alt season,
and i mean real alt season , not 2k eth !!!!!
zoom in zoom out :)))))
this TA is the most simplest in the planet , you see 2 trendlines
1st the green one which is the older - the first and second major resistance bitcoin encountered . but now it acts as dynamic support - in current days it should be around 10k
the 2nd resistance red is still active - as you can see when we get to close contact we get rejected ( 2 time this bull...
maybe it can retest the support zone and buy from there.
green- support rejection
black-stop loss breakdown.
no Take profit cause we going andromeda .
not a finnancial advice just bananas . ktnxbye
a bit of a old news but maybe still a factor .
