$AVAX vs $BTC – 1W Chart Check
We’ve been bleeding inside this Descending Channel since Dec 2021.
That’s 3.5 years of underperformance vs. Bitcoin. Brutal. 📉
Last rebound?
🟢 Oct–Dec 2023: bounced hard from bottom → top of channel → exit pump rejected at 0.618 Fib.
Fast forward to now:
🔻 Sitting right at the bottom of the channel again
🔻 $BTC.D near cycle top
🔻 Altcoin sentiment is trash
But here’s the thing:
This setup rhymes.
Structurally, it screams: exit pump coming soon.
Not forever bullish — just a temporary relief.
📈 Expectation: AVAX/BTC revisits top of the channel in coming months.
🧠 Strategy:
• Rotate from BTC → AVAX short-term (trade the pump)
• Re-assess near resistance — don’t marry the bag
This is a sell-the-rip, not hold-forever play.
Unless we break out — then it’s a whole new game.
