Recently, we've seen many bullish patterns on the BTS/BTC chart.
It started with the cup & handle formation that I posted about. The handle-part of this pattern turned into a double bottom later on (which is also a bullish pattern.
And meanwhile, this all seems to be located in a big ascending triangle on the daily chart.
Today (April 1st), Bitcoin Dominance has finally broken below the 60% level. This is a support that has been holding for quite some time, previously locking us inside the 60-64% range.
As BTC dominance (BTC.D) decreases, money flows into the altcoin market. Today might be the start of the massive altcoin season we've all been waiting for.
If this happens, we will see BTS skyrocket. You can keep track of BTC.D here: www.tradingview.com/...ols/CRYPTOCAP-BTC.D/
RSI looks strong as well. We are currently in a mild correction after the jump we made the past few days (from a low of ~135 sats to a high of 174 sats, that is a pretty decent move).
We also touched 10 cents on BTS/USDT, which is the highest BTS/USDT has gone in the past few months.
TL;DR:
As BTC.D falls below its major support level, opportunities for altcoins arise. We might see an even bigger pump compared to what happened in 2017 since the crypto market cap is way higher these days.
Red line => Major resistance of 154-155 sats that has now probably flipped into a support.
Blue lines => Possible targets
It started with the cup & handle formation that I posted about. The handle-part of this pattern turned into a double bottom later on (which is also a bullish pattern.
And meanwhile, this all seems to be located in a big ascending triangle on the daily chart.
Today (April 1st), Bitcoin Dominance has finally broken below the 60% level. This is a support that has been holding for quite some time, previously locking us inside the 60-64% range.
As BTC dominance (BTC.D) decreases, money flows into the altcoin market. Today might be the start of the massive altcoin season we've all been waiting for.
If this happens, we will see BTS skyrocket. You can keep track of BTC.D here: www.tradingview.com/...ols/CRYPTOCAP-BTC.D/
RSI looks strong as well. We are currently in a mild correction after the jump we made the past few days (from a low of ~135 sats to a high of 174 sats, that is a pretty decent move).
We also touched 10 cents on BTS/USDT, which is the highest BTS/USDT has gone in the past few months.
TL;DR:
As BTC.D falls below its major support level, opportunities for altcoins arise. We might see an even bigger pump compared to what happened in 2017 since the crypto market cap is way higher these days.
Red line => Major resistance of 154-155 sats that has now probably flipped into a support.
Blue lines => Possible targets
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