Well its undoubtedly what the crypto investor wants and what the market would have technically given in February if it wasn't for the tariffs trade war. Bitcoin's Dominance (BTC.D) is trading within a Triangle and February's test of the 0.786 Fibonacci retracement level was the technical level that should have given a rejection.
That rejection technically starts the Altseason which was dominant via a Bearish Leg both in 2017 and 2021. So far though both February's and March's 1M candles closed below the 0.786 Fib and April has an opportunity to even test the monthly body candles Lower Highs, which is the top of the Triangle. This is the last level that a rejection can be technically given.
Can this start an Altseason?
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That rejection technically starts the Altseason which was dominant via a Bearish Leg both in 2017 and 2021. So far though both February's and March's 1M candles closed below the 0.786 Fib and April has an opportunity to even test the monthly body candles Lower Highs, which is the top of the Triangle. This is the last level that a rejection can be technically given.
Can this start an Altseason?
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🔥New service: next X100 crypto GEMS!
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🤵Contact info@tradingshot.com t.me/tradingshot
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