okay, after coming back to 40k in a single candle bitcoin is overvalued so now we will see a divergence in rangebound moment between 41900-40400.
If the market sentimals are positive it'll probably a bullish divergence in RSI or in our waves indicator.
keep in mind that this breakout of btc happen from an ascending triangle followed by a fakeout so it could be...
Its quite messy but look carefully we have the highest trading volume on 57560 which is broken that is a very bullish sign, And now the VWAP is at 59308.
If it breaks the VWAP value we will be definitely going up on BTC upto 60+K again.
As you can see our both trendline worked pretty well without giving any fakeout the smaller one (yellow) and the overall (blue),...
So a lot of things are showing that our tezos is in a downtrend MACD struggling to cross .050 line since 26 October , 20 SMA always pushing the value of XTZ downwards and top it trendline is created in 4h candle chart pattern.
The next move we can expect from tezos when it breaks the trendline.
The big support is from 4 - 3.4 $
Also don't forget to watch BTC...
The support of FTM at 2.4 is not going to work well because we can that its macd is at 0.7,
If the macd bearish cross happens it will drop by
8-10%
So yes we can short FTM if that happens
As we can see avax didn't follow our descending ∆ .
So now we have to get profit from our buying zoen (its breakpoint) ,
Which we can achieve it on buying it at the supports and selling it at resistance.
Also keep in mind that if you are in loss of more than 12-15% just look at the RSI if it is in 25-30 or below that don't hesitate to do DCA.
Dominance did take a pull back every single time when it touches this trend line.
Moreover it also breaks it but the BB deviation pulled it back towards the trend
Don't short BTC at 65K without looking this trend.
