BTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
Commento:
This chart is still valid. It could take weeks to break this rising wedge, but when it does, ALTS will rally crazy. I believe it will happen sometime when BTC will hit it's new ATH sometime in late summer if not early.
Trade attivo:
Rising wedge already broken on weekly TF in the third week of May. ALTS will go crazy as soon as BTC hit its next ATH. Super bullish for alts for next 4-5 months of this year.