And the S&P
Same as the DOW average, correlation with the BTC chart. If the pattern holds... End of rising wedge traditional markets may fall. All timelines seem to match with the BTC chart where bitcoin (and crypto in general) starts to rise.
This rising wedge correlates with my BTC chart, see here
Around the same time in the BTC chart where BTC starts to rise again, Both the DOW Jones ave and the S&P come up in their rising wedge patterns, at the end of which (if the pattern holds, could fall as a result). If the traditional markets fall, People will look for somewhere else to put their money. And...
I think something is going to happen. Might be something good in the crypto market that makes people want to use it, maybe a development that makes it easy to use resulting in on boarding? Or, something very very horrible that makes people rush to crypto because theres fire everywhere, the world markets are crashing, paper money is in hyper inflation and people...
The cup and handle pattern continues.
When I'm seeing this pattern reoccurring in different charts and cross reference with market analysis, I think there is a possibility that we are in the last phase of big investors buying BTC and strong ALT projects OTC. ALT's may be the first to go up as we may enter a renaissance of gen 3 block chains.
Again. If you bought...
Round bottom's and cup and handles are popping up all over the place in alts.
As a hodler I invest in fundamentals while watching the market closely. If you invested in the fundamentals and believe in the projects you are in. I would not sell. Right now the market is red but its a fake out. Just hold.