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.
ความคิดเห็น:
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.