ALPHA/BTC Bullish Megaphone Pattern
ALPHA/BTC is forming a vert wide and big megaphone pattern on the D1 chart. With the recent influx of volume, we might see a very bullish period ahead of us.
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
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