We can observe the following: a) Falling Wedge b) On the DAILY, a BULLISH DIV. (indicated on the RSI with the black line) c) On the 4 HRLY, a BULLISH DIV. (indicated on the RSI with the black line) d) Support line indicated by the RED Section.
Thoughts: BTC might do a move on the upside and hence people are flipping back to BTC as you can note many ALTs have recently done a good increase against BTC, some reaching or going beyond a known resistance.
DAILY Chart
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Trade fechado: objetivo atingido
Target almost reached I would expect some pull back with BTC price (maybe 1/3 of 3K gains) while slower performing ALTs make their way up.
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