ElCapitaaan

ElCapitaaan

So for those who has been in a few Crypto bull markets it is nothing new that Money/winnings from BTC pours down to ALTS. But what happens next is to describe as a series of bullruns. Where alts go down 25-50% a day just so that you get as many BTCs/satoshis as possible to be on the next BTC train while draining alts. This time the stablecoins plays a much larger...

ElCapitaaan

According to the BTC investor tool were closer to the bottom (ca 29000-30000$) than the top (140000$). macd looks good so does the RSI, but stochatic RSIseems to be bearish. We seem to be respecting the 200 day, and we did bounce on support and broke short term resistance. We do have a H&S pattern forming aswell a very bearish pattern that could push it down to...

ElCapitaaan

looks like some profit taking before it enters the redzone & fomozone is smart. expect correction waves, check 17/18 peaks.

ElCapitaaan

As you can see, Btc did not bounce, instead, it broke down. What to do what to do? to hodl or to short? seems like 5200 can be where the next play is. but then we also (almost) have a triple bottom. And counting in mining costs of around 6600 per BTC atm and 4800 6 months ago. Its very hard to know where this thing goes for the next few days, but if we do follow...

ElCapitaaan Updated 

It looks super bullish to me.

ElCapitaaan Updated 

Correction to an end soon with bullish wedge forming. Not trading advice just observations.

ElCapitaaan

Correct me if im wrong but is this how this would bounce?

ElCapitaaan

correct me if im wrong but this should be the bottom of the coin?