Hello Binance 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