Crypto Seamless

we're at resistance on altcoins
if we would go and visit lower support
that could be a 30% dump on btc pair for altcoins
So basically bitcoin will. decide next week if alts can go over resistance and flip to support or we get rejected and dump 20-30% on bitcoin and 30% on btc pairs alts

(that translate like this: bitcoin reject = alts dump 50% in USD price and 30% in btc price)

if a dump happen I mean...
it could create some sort of falling wedge which ain't that bad if u ask me
we would have the market structure to create the first pump for bullmarket continuation

Higher timeframe > Lower Timeframe
Always
Based on the higher timeframe (Weekly), we can easy spot that we are at resistance trend line + resistance supply zone
now I do believe we will dump (we are also still have MACD bearish on weekly)
But Here's the thing
in order for 'no dump' to happen, price has to reach 44k and close a weekly candle over 44k
so for example if, we get a suprirse pump in the next 5 hours and btc is at 44k+ and weekly close like that, then we will have a green february
or if the next weekly close 44k+ , same shit
When you go on "daily" chart, things look fine
we had support 40-41k in January, therefore the prices hold because of lower timeframe support
From daily perspective we're good

I mean it looks like it wants to go higher
price even did a descending broadening wedge with target to 43-44k, so I wouldn't be surprised if the new weekly start green and : go 43-44k
what happen after that I have no idea, but I'd rather not be in any "longs" if that happen bcs it's kinda risky
From a normal TA standpoint if we go back to our bitcoin weekly chart

Thanks everyone for patience

Will give you a market update shortly

hope you guys are making profit from the dip and you are taking profit with you