BTC - TRIPLE BEARISH SIGNAL ON BTC (AND IN TURN ON ALTCOINS)
Hello, during this weekend btc has simoultaneously fallen below :
1-the channel midline
2-the mini trendline
3-the 21 MA
We havent't had a proper pullback inbtc price since May. I do not think it will be a heavy one (probably to 11k), but still will be enough to ruin plans on altcoins
Despite the good setup shown by the altcoins dominance (see the realted idea), many of them are struggling. I would personally wait to enter any long position as I do not like this setup.
1-the channel midline
2-the mini trendline
3-the 21 MA
We havent't had a proper pullback inbtc price since May. I do not think it will be a heavy one (probably to 11k), but still will be enough to ruin plans on altcoins
Despite the good setup shown by the altcoins dominance (see the realted idea), many of them are struggling. I would personally wait to enter any long position as I do not like this setup.
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