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pedrogarrinhas
Jan 25, 2022 9:27 AM

BTC.D - 1D - Descending triangle! 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Not a financial advisor!

I think that double bottom scenario is becoming less probable.
If BTC goes higher...BTC.D will go up most likely creating a lower high as the RSI is almost reaching it's top!
(When BTCUSD was at 65k everyone was calling for 100k)
(Now BTCUSD was at 36k everyone is calling for 20k)

I am now looking at BTC.D as the descending triangle formation (before considering the double bottom formation)!

This descending triangle scenario is bullish for ALTS would make sense with the TOTAL3:

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