I still think there is one more up with BTC in this run. I think we will hit mid $9000 before another pullback. It could go down from where we are now but there is a chance to bounce.
Ideally it will shoot right up to the median but more likely a slow messy up with troughs and peaks.
Want to have a good bounce off one of the fib levels to bounce back above the 200MA on the daily.
The annoying thing about all of this is alts are suffering vs BTC, it is like its dominance is growing. Lots of alts look to be at the bottom vs BTC. Just some that look great buys but you just dont know what to do because they keep falling.
DASH
BTG
ZEC
Ideally it will shoot right up to the median but more likely a slow messy up with troughs and peaks.
Want to have a good bounce off one of the fib levels to bounce back above the 200MA on the daily.
The annoying thing about all of this is alts are suffering vs BTC, it is like its dominance is growing. Lots of alts look to be at the bottom vs BTC. Just some that look great buys but you just dont know what to do because they keep falling.
DASH
BTG
ZEC
Note
Not so optimistic anymore. Stopped out of some plays last night.Broke the 50% fib and medin line and looks like its heading for $6600
Back into the down channel. Bounce of 78 is possible. But who knows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.