To many bad news in the crypto world last 3 weeks (inside trading, hacks , regulation, banning). HODL HODL HODL but only your shorts..
the trend is obviously up but some healthy correction should happen before the the continuation. Today COT report will trow some light into the short term perspective.
The odds are in favor of a consolidation before a mayor drop. Fear and panic is what i smell in the Crypto world. The ethereum development team has publicly acknowledge that their coin may suffer what they call the "ICE AGE" because they new Forks and updates to the code. I remain Bearish + i believe Ethereum concepts are not practicals enough in the current...
BULL euro, Even i , become worry about my calculations because my accounts are in USD, but something will be done don't worry. Save Haven USD no more in the coming months.
i am advocating for a complete sell off the this Coin
Many are afraid on bitcoin right now but a good pullback to the upside is coming
the AB leg in the Cypher should touch the 38.6% but very often imperfect patterns works!, the wedge is what i am looking for and the 78.6%-88.6% area is always one of my favorite setup points, good risk reward. I see confluences of good buying signals so when the time come will give the shoot. Good luck!