FlokiCrypto

$BTC.D - 100 EMA acting as a resistance. Alts to fly?

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CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
100 EMA acting as a strong resistance for the past 13 months. Hard to believe this will be the time it breaks.

There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case):


Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo: but this has already played out into a final touch of the E wave of the triangle.

So we have to cases...Either we break out here and the market suffers for a long while... or correct down further and break down, which leads to the next alt season. I'm leaning towards the latter.

Happy and safe trades to all.

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