Todays BTC push puts a dent in Alts and they underperformed. Hopefully BTC will stabilize and give room for Alts to breath. Currently LINKBTC is in a symmetrical triangle with a 4H bullish divergence if a bounce is established. 12H ichimoku shows a twist.
A repeat of the 2017 Alts season, the dollar index once again strongly correlates with bitcoin dominance. Since DXY is set to plummet, it is expected that BTC.d will fall as well to at least %50. Bitcoin dominance falling translates into Alts mooning.
finding support on 2d ichimoku cloud and RSI above 50. OBV has been rising while price dropped creating a bullish divergence. It has been 2 weeks gold has been testing the key level, breaking above and failing.
with retest of key level and 4H ichimoku cloud. likely target is 94. This means there is a pullback for crypto and stocks. this can fail to breakout of the 12h ichimoku.
longterm trend is very bearish.
Weekend PA has created a rising wedge. Breakout target is 11375, maybe a retest of the channel confluent with the ichi twist and the bottom of the bollinger band. there are too many gaps now in the cme to be ignored.
False breakout of from key level, false breakout from inverse head and shoulders (not yet invalidated). Remains to be seen if it bounces of the channel support otherwise a breakdown from the channel will send price to 31.9