#Altcoins
With all the panic that has happened over the last few days, Altcoins are still sitting in a falling wedge that has been in place for 3 YEARS.
If you look closely, it was very similar in 16/17 before the big run started.
Weak hands had to get out of the market first
#BTC
As is historically the case, Bitcoin is developing a clear Re-Accumulation Range going into the Halving
This is the range Bitcoin would likely breakout from weeks after the Halving
$BTC#Crypto#Bitcoin
#Altcoins
This is the pre-halving shakeout. SLs are hit, positions liquidated and a lot of liquidity grabbed.
Altcoins will pump after Halving, like it's been the case in the past cycles
#Bitcoin Bulls successfully defended todays Daily candle close. #BTC managed to close the Daily just above the support line.
$BTC 🔗kraken.pxf.io/AW2gBJ
#BTC Weekly RSI has finally reset to the January lows
Most people won't pay attention due to the overall negative price action but this is something that has been much needed and is ultimately one of the better times to pay attention:
#BTC
That Daily Candle Close above the ~$69000 level will be pivotal in setting up a positive Weekly Candle Close
At the moment, $BTC is rejecting from here instead of reclaiming it as support (red circle)
#Crypto#Bitcoin
#BTC
For Bitcoin to position itself favourably heading into the new Weekly Candle Close...
$BTC would need to reclaim the Weekly Range High as support on the Daily first (orange circle)
Not just that, but price would need to hold above it for the weekend
#Crypto#Bitcoin