I haven't modified this much for the last couple of days after some initial tweaking since the last post and the channels seem to be holding pretty well.
Breaking below the bottom channel would be a serious RED FLAG. Going to the upper channel means CAUTION is required. Otherwise -- happy trading! Alts should grow together with BTC, faster than BTC. At the present pace, we're going to easily reach $450 bil. market cap by the Consensus event (mid-May).
Very rough levels but they give the idea.
Today I’m sharing with you another pattern I’ve noticed, this time with as a parallel to this February’s price action. Big players seem to be taking profits at certain levels after they sell: roughly + 15%, +30-35%, and +50%, then they repeat this for both smaller (but still sizeable, roughly -5-7%) and bigger dips. So after the present fall to about 8650 (-11%),...
We seem to have missed one step from 2014's correction (most likely because of the number of shorts and how people picked up on this trend, as well as bouncing off the log support). This may mean the end of the bear market here and now and a new pattern developing, but so far we seem to be repeating 2014's action. The % equivalent lows would be 8100 (perhaps after...