Long

Crypto down trend could be coming to an end?

Updated

recently broke the downtrend and is going to test the extreme. This is where the reversal could start and take us into the next phase of the bull market, euphoria. Advice to all will be to stay away from the news, at least for trade purposes and keep an eye on the chart. We could simply continue the downtrend and capitulate in the mid or low 20s.

Peace.

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Looks like we are heading back lol. Bears hitting those bids like there is no tomorrow. Looking back, it looks like the pump was a test of the extreme but if you look closely, we didn't go above the swing high.

Orange zone looking more possible now. The lunar cycle is in effect too. 2 weeks of downside will make us reach the orange zone. Sit tight and relax.

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This is getting interesting to say the least haha

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The price is stuck in a range, the most important fact about a trading range is that 80 % of the breakouts fail and test the other extreme of the trading range.

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If one is bullish, going all in would not be a good idea, but would be a good time to get a little exposure.

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Still think we could test the extreme of the range in the coming weeks.

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We are not bearish as we were in February, in case you are turning bearish again, we are most likely in a trading range, and in trading ranges, most breakouts fail, bull or bear. So if in the next 2 weeks, we see the low of the range, it will be a great place to long BTC. We might not go all the way to the low though, as the volumes have been turning bullish since April.

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Alright guys, looks like we are almost there, if you are not scared to death, and got some ammo left, place those bids and have faith <3 This week is where we can potentially reverse!

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PeacockCapitalMarkets

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