If the channel should break out upwards, the first target would be the centre line of the larger channel. In case of reaching the upper trend line of the larger channel I will look for additional Altcoin positions.
If we should break downwards we can look forward to a continuation of the Altcoin season for the next weeks and months.
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We have broken the trend channel - now we have to close a day's candel above it.
When we broke the centre line of the trend channel in March, Bitcoin found its local ground.
This time I will follow this strategy and buy BTC as soon as we break the centre line of the channel. As I said in another post I will also buy Ethereum in the range of $310 - $240 strongly.
If we reach the upper residential line of the channel I will probably build up larger Altcoin positions.
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Preparing FIAT Money for BTC & ETH
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Dominance Chart has so far respected the horizontal residence line of the last low and has rebounded (I have drawn it in a little badly and I noticed)
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Let's see what happens when we test the trend channel again