The BTC.D Fractal You Didn't Want to See
Was just checking up on the health of alt season when I realized that the chart looked real familiar...
Of course, it's a fractal, so all the usual caveats apply. But the similarities are striking - even the timeframes match. *Arguably*, alts have been in a bear market vs BTC since their peak (i.e. BTC.D low) in Sep 2020. An alt crash would be a continuation of this larger trend.
I'm just sharing what I see - I would love it if alts continued pumping for a few more months. But this does give some cause to be wary of HTF Alt/BTC long plays until BTC.D more convincingly pushes below support at 60. Let's see what happens.
Of course, it's a fractal, so all the usual caveats apply. But the similarities are striking - even the timeframes match. *Arguably*, alts have been in a bear market vs BTC since their peak (i.e. BTC.D low) in Sep 2020. An alt crash would be a continuation of this larger trend.
I'm just sharing what I see - I would love it if alts continued pumping for a few more months. But this does give some cause to be wary of HTF Alt/BTC long plays until BTC.D more convincingly pushes below support at 60. Let's see what happens.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.