We have broken the downtrendline from 20k but only in the linear scale, which means we are still in a downtrend. The major push we had was more of a pump+shortsqueeze and with intent to change the market sentiment to bull. And that we did, we eradicated almost 50% of all bitcoin shorts from the market (42% to be exact) but some fear is still lingering. If we...
Bitcoin will soon breakout so alts will boom soon too. Many are completly oversold, lost 200-400% of their previous value so huge potential here
1. We are now in the retracement of Wave 4 and are looking to go into the 5th and final Wave in the range of 7400-8250. So my guess would be that we retrace in the range of 7400-7700 and would target 5000-6100 with the highest low possible of around 2800. So i´ll just start laddering my buys from 6100 on. 2. If we brake 8250 however then this count is invalidated...
Maybe a bounce up to 7k regions then down and after that breakout up or down
Bearish view if closing below 5.7-5.8k
Just for me, looking for a re-entry at this key resistance. After that if btc is also looking to go bull mode again, alts will rise, which could shoot ADA to ATH again
If Ltc falls below trend line it will confirm the count ABC should follow now, after that maybe moon? Depends on btc if 9500-9600 can be broken, 10k should be next, after that the double top at 11700
Btc just hit the 9800 mark and bounced off. I think with this btc will move down to E before breaking out and creating a bullish run up.