Get started
ViniciusBaccelli

BTC trend line at its max, will BTC break it?

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
ViniciusBaccelli  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Beyond Technical Analysis Technical Indicators BTC dominance ALTS ADA usdt altcoins
1
0
trendanalysis beyondta indicator btc dominance alts ada usdt altcoins
With BTC dominating the market and all Alts waiting on a correction it will be hard to break that trend channel in the short term.

Since when BTC broke the triangle from 20k, it create a very stable Trend channel, and looks like it will respect it for now.

Mayer multiples are over 2
RSI (not very accountable) is also very high.
We are definitely over the on the Stock to flow model.

Related Ideas

ViniciusBaccelli
Alts are just waiting for a drop in BTC dominance
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.