Crypto is like a mechanical bull throwing you every which way to get you to sell and quit. I believe we have one more panic attack across crypto before we hop into the next bullish level of this game. I expect btc currently 43k, I expect it to come down under 40k and the alts to bleed a bit more. We will see panic and doom and gloom again and then the true reversal will present itself.
Trade active
Although we have rallied from the recent lows this could be serious bull trap territory as we sit in the resistance zone again. I will consider this idea valid until daily candle closes above $135. I still think we are in for a high volume drop before we move up
Trade active
Taking longer than expected however eh inability to get past the resistance level once again and setting a lower high keeps trade valid. I expect the buying opportunity to be at the break of the line if you can extend it in your head.
Trade closed: stop reached
Seeing as BTC appears to be close to my target I am going to have to assume the bottom is in on ZEC at $103. I could be wrong but I have rebought
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