BTC.D looking to decrease -> Altcoin Run until the end of 2024
- Yearly range provided a reversal point with a clean market strcuture shift to the uspide, which price bounced off from to the 50% of the range.
In range trading we call this take profit nr 1.
- Price now usually bounces off a bit from the 50% (which price is currently at) into a FVG (marked in blue) / support level targetting the high of the range.
With the expectation to drop into the fvg, altcoins should witness a push to the upside until the end of the year 2024.
Afterwards we are expecting a rapid upmove of BTC.D to target 2 until the year of 2027, which would result in altcoins bleeding out.
This idea gives us a great confluence with the TOTAL3 chart analysis, which we published before. You should have a look at this as well.
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In range trading we call this take profit nr 1.
- Price now usually bounces off a bit from the 50% (which price is currently at) into a FVG (marked in blue) / support level targetting the high of the range.
With the expectation to drop into the fvg, altcoins should witness a push to the upside until the end of the year 2024.
Afterwards we are expecting a rapid upmove of BTC.D to target 2 until the year of 2027, which would result in altcoins bleeding out.
This idea gives us a great confluence with the TOTAL3 chart analysis, which we published before. You should have a look at this as well.
(
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