Its hard to assume what will happen next. But we will most likely test the lower trendline around 57.5%
Im hoping BTC price will maintain while the dominance goes down. This will bring life to the altcoin market. I believe it will stay in the same channel until BTC has a new all time high. Then while the volume increase we will see alts go higher as new money comes in
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Gem100xhunter
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$BTC dominance chart has been forming a raising wedge pattern for over 800 days. This is a bearish pattern that signals exhaustion. Top of the trendline is around 59-60%. From there it may lead to a rejection back to the lower trendline and eventually breaking down to the downside. This will spark altseason.
This is not the time to be cute with your positions. You are witnessing everything infront of you. You just have to know where to look.
Forming a ascending triangle. Constricted from both sides it may act as a pressure cooker. Its been cooking for almost 3 months.
I dont have a crystal ball and there is no way to say if price will move upward or downward.
However we have broken above the bullflag and have successfully retested it from my post a few days ago. So this might be the impulsive breakout move.
An impulsive move is due. It should happen within 20 days. As that is when the apex of the triangle is reached.
Im eyeing 785B which is also the top last may. This will be heavy resistance. This move may seem small. But alot of tokens will do +200% some even more.
Just to be clear im not saying we will reach 785 in 20days. Im saying the breakout should occur within 20 days.
The move down of $BTC seems like its going to retest the upper trendline of the bullflag. If we successfully retest it and it flips into support. Btc will retest 70+k.
$BTC dominance chart has been forming a raising wedge pattern for over 800 days. This is a bearish pattern that signals exhaustion. Top of the trendline is around 59-60%. From there it may lead to a rejection back to the lower trendline and eventually breaking down to the downside. This will spark altseason.
This is not the time to be cute with your positions. You are witnessing everything infront of you. You just have to know where to look.
Its not unreasonable for $BTC to overshoot and retest the trendline from above. Its not the best time to enter now even as a breakout trader. Wait for the retest! We broke out the trendline!
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Gem100xhunter
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Bullish
Broke out from 63200. Now approaching the most important trendline for btc. Sitting around 65500. Lfg bulls. Push!!!!
Alts still battling 615b level. We successfully retested the trendline and we are moving up for now. 650ish B is next then 700ish. This will spark big moves on alts.
Im so excited for $insp (inspect) a project that will serve as a layer 2 for X. Most recent development is partnering with OKX to fuel its swap function directly from their app. Browser app is already live and functioning. Mobile app will be out in the coming weeks. Main utilities is trading nfts/tokens directly from your X account.
X is the biggest social media platform in general and for crypto.
I cant believe this token is only at 3m marketcap still. This should be atleast 40m.
Do your own research. I believe this is a potential 100x token. Thats only 300m marketcap. A small bag can get you a long way if it plays out well. 🔥
This is not financial advice. Ive been holding this for a while now and im still adding to my bag. This is not a shill post. This is for educational purposes only.