$BTC.D - 100 EMA acting as a resistance. Alts to fly?
100 EMA acting as a strong resistance for the past 13 months. Hard to believe this will be the time it breaks.
There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case):
Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo: but this has already played out into a final touch of the E wave of the triangle.
So we have to cases...Either we break out here and the market suffers for a long while... or correct down further and break down, which leads to the next alt season. I'm leaning towards the latter.
Happy and safe trades to all.
There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case):
Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo: but this has already played out into a final touch of the E wave of the triangle.
So we have to cases...Either we break out here and the market suffers for a long while... or correct down further and break down, which leads to the next alt season. I'm leaning towards the latter.
Happy and safe trades to all.
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