BTC.D - Highest RSI Reading Since 2020!!! 🤯🙀
Depending on BTC's next moves we may be on the brink of an ALT SEASON here as yesterday BTC Dominance RSI went above 80 for the first time since mid BTC bull run 2020 and after that BTC.D fell by 46%!!!
If BTC can consolidate this 22K area then there should be plenty of gas in the tank for alts to GO WILD, though if it has a sharp correction then alts will also fall in the short term.
A lot will depend on other markets this week but alts are already getting very frothy even with BTC.D RSI very high and so there could become explosive moves in the pipeline whenever the RSI falls. Already plenty of runners this weekend!
We're looking at this in some detail 😼.
Not advice.
If BTC can consolidate this 22K area then there should be plenty of gas in the tank for alts to GO WILD, though if it has a sharp correction then alts will also fall in the short term.
A lot will depend on other markets this week but alts are already getting very frothy even with BTC.D RSI very high and so there could become explosive moves in the pipeline whenever the RSI falls. Already plenty of runners this weekend!
We're looking at this in some detail 😼.
Not advice.
Comment:
Don't forget to check my first BTC video - linked below 😺.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group 🧐
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
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Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
