Let's see if this graph gives a better view. Just trying some idea playing uploading from my phone. Previous picture was wrong.
Clearly a support line has formed, which has been touched three times. I expected a bigger bearish move, but it has not happened. Some ALTs took advantage (Matic, Ada, Algo next?) Fun to see that volume increases coincide with the sinus wave 🌊. A move coming up this afternoon? Weekend has started, so I am wondering whether this pattern continuous. Still expect...
I am wondering whether the downward resistance line will be broken and if there is a possible long. The support seems weakened, but BTC and its dominance is strong. Maybe consolidation till Monday? Then if it goes up I long ALTs for only a short upthrust. After that, or when BTC breaks down, sell and try to buy crypto with up to 20% discount. Best
Hi, trying to see how publishing an idea works :-) I was expecting BTC and ALTs to recover and go down at the end of this week. I have gone long and was trying to sell a little higher. But with this pattern following almost exactly as I drew after formation of the head (it went a little lower), I am wondering if and how far a drop is coming now.