I made this chart 2 weeks ago, i nailed it , looks like dominance is trapped there for a while ! in that descending channel ! looks huge ! it we dont breakout we will see alt season, and i mean real alt season , not 2k eth !!!!! zoom in zoom out :)))))
this TA is the most simplest in the planet , you see 2 trendlines 1st the green one which is the older - the first and second major resistance bitcoin encountered . but now it acts as dynamic support - in current days it should be around 10k the 2nd resistance red is still active - as you can see when we get to close contact we get rejected ( 2 time this bull...
maybe it can retest the support zone and buy from there. green- support rejection black-stop loss breakdown. no Take profit cause we going andromeda . not a finnancial advice just bananas . ktnxbye a bit of a old news but maybe still a factor .
Looking like a complex correction, heading down.