Santa is bringing you beautiful shorts.
These charts are direct reflections of each other but provide a great overview of the health of the alt market vs the BTC market.
RSI has been diverging. Triple bottom / Falling wedge pattern looks ready for reversal. With BTC looking like it could range and BTC dominance looking ready to test its trendline and potentially fall... Alts look ready to rumble. Not going to gamble on this one tho. Locking in the majority of my profits within the current wedge pattern. Entry now would still...
Hoping to see a relief rally right into my short entries. Here is why.
Here we toy around with the fact that we may range here for a little bit, This may let alt/btc pairs flourish. Id expect to see a drop down to a buy range before any major players are interested.
I think we will see bear trap / flag pattern start to form
I think we could potentially see this type of correction for Zcash.
I think we will see a retrace to key fib areas. MACRO .5, Local .618
ICX Targets TBD Stops at 2970 sats 0.50% LTC Targets 192-195 Laddered NEO Targets 105-107 Laddered BTC 0.51% Targets 10200-10400