This trend line started exactly 2 years ago. Imagine what happens when this trend gets broken... a mega pump to the upside. Why would this trend get broken?
TOTAL making new highs, meaning new liquidity is coming into the market * BTC.D tipping over (liquidity moving from BTC to ALTS) * TOTAL3 just broke out its wedge to the upside * VMC Cipher_B_divergences shows 2x bullish divergence on the weekly timeframe * VMC Cipher_B_divergences shows an even larger bullish divergence on the weekly timeframe
However, keeping track of BTC moves. One should always be careful with slowly increasing channels after such a big move as we had on the 24th of October. Could be a setup for a dump that (generally speaking) brings prices of all coins back down.