2WK Log scale idea for BTC on the BLX chart. Fib channels and trend based time fibs with fib retrace extensions set to log scale fibs. RSI showing an interesting inverted head and shoulders patters suggesting a possible break higher from this ascending channel.
Previous idea invalidated by a strong move higher for BTC and BTC Dom. We may assume the PA will continue in this broadening wedge until something changes. Alt seasons will be great on these pullbacks, including the possibility of the broadening wedge breaking lower at some point.
BTC Dom is in a rising wedge and just tapped the resistance as a possible bearish retest of the double top neckline.
Alt season could start very soon if this begins to capitulate. Looking for a move down to the .5 or the .618 fib retracement level.