$BTC.D has formed a Head & Shoulders reversal pattern following the break of its ascending trendline support. The structure signals weakening dominance. 📉
📈 This creates upside potential for #ALTS/ $BTC, as the breakout has already been confirmed. ✔️ The worst-case scenario I consider is another retest from BTC.D, during which $OTHERS / #BTC pulls back to support after the breakout... 🥲
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$BTC.D has formed a Head & Shoulders reversal pattern following the break of its ascending trendline support. The structure signals weakening dominance. 📉
📈 This creates upside potential for #ALTS/ $BTC, as the breakout has already been confirmed. ✔️
The worst-case scenario I consider is another retest from BTC.D, during which $OTHERS / #BTC pulls back to support after the breakout... 🥲