Looking for The continuation of this bearish trend on BTC.D. This could give enough incentive for the alt rally to make another push.
Currently however, we are seeing a bullish retracement on the downtrend that is correlating with alt coins cooling off. This could be a pullback and continuation on both btc.d and alts or the trend could change. we have to watch the highlighted purple zone. if the zone is not respected, this would cause a structure break and our bias to flip and we would be looking to average out of alts back into BTC.
Key zone to watch is the purple, and I link/attach to this post major buying opportunities on top alts in the bottom.
Currently however, we are seeing a bullish retracement on the downtrend that is correlating with alt coins cooling off. This could be a pullback and continuation on both btc.d and alts or the trend could change. we have to watch the highlighted purple zone. if the zone is not respected, this would cause a structure break and our bias to flip and we would be looking to average out of alts back into BTC.
Key zone to watch is the purple, and I link/attach to this post major buying opportunities on top alts in the bottom.
