We passed the line, going for double top, what next?
Like I sad in my last analysis, BTC needed to pass the red line (which was a retracement level of Fibonacci I traced) to test again the 42k level,
possibly going all the way to the top of the channel testing 46k. I don´t believe it will go further in the near future though.
1 Scenario: BTC will come back to 42k, even 46k, forming a double top that could lead a big dump right after that.
That could trigger ALTS to pump, but with the fall of BTC it will dump as well, hopefully inside each individual bull channel.
2 Scenario: BTC will lateralize in the next days not generating another dump.
That would make ALTS stable, possibly changing the dominance to ALTS and starting an alts season.
3 Scenario: BTC dumps before reaching a double top pattern, which would led another dump in the market.
possibly going all the way to the top of the channel testing 46k. I don´t believe it will go further in the near future though.
1 Scenario: BTC will come back to 42k, even 46k, forming a double top that could lead a big dump right after that.
That could trigger ALTS to pump, but with the fall of BTC it will dump as well, hopefully inside each individual bull channel.
2 Scenario: BTC will lateralize in the next days not generating another dump.
That would make ALTS stable, possibly changing the dominance to ALTS and starting an alts season.
3 Scenario: BTC dumps before reaching a double top pattern, which would led another dump in the market.
