BTC.D - Altcoin Season Getting Closer ❗️

27 mar 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📌 BTC.D has been stuck inside a weekly range for for almost two years.

After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green.

📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance.

That's why we are speculating Altcoins to gain strength after a couple of days / weeks.

For now, as long as BTC.D is trading higher, BTC would be dominant and outperforming almost all altcoins.

What do you think? Will BTC.D reject the red resistance or break it upward? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich