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theansweris42
Dec 8, 2019 12:35 PM

Falling Wedge on ALT-BTC Market Capitalisation Ratio Short

TOTAL2/BTCCRYPTOCAP

Description

Now that the deceleration channel in play since Jan '18 is getting more mature it looks to be manifesting a falling wedge pattern.

I haven't figured out exactly what the structure of this correction is yet but it looks to be a possible zig-zag . Either way, the culmination of the wedge pattern looks to be sometime between now and Apr 2020 at which time the outlook is bullish .

What this means for my strategy is that I'll be trading alts in the mean-time but only on very short time frames. No longer term holds until this pattern has concluded.
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