My thoughts.. based on a hot market that is cooling off.
Aside from the extreme greed of late, that needed to be reset, the world events remind us all of the fickle nature of the whole market.
7 green months can only push ahead for so long… hence a reset.
I think (based on the previous ceilings, now support lines)… we will get closer to the $50k range. See...
BTC.... and altcoins
Like everything in life - there is only so much good news that gets rewarded immediately before people have second thoughts.
My opinion: we are at the beginnings of the bull market - but not committed yet...
therefore - I think we are in for some correction for a short period of time.
While Hodling is good overall, be wary that you don't just...
given the minor trend line here - and the MACD and other indicators incl. moving away from bottom BolBands - this could be a good bounce... see if will ... if so - then I would say get in for a minor trade.
There is a huge uptrend line here... coinciding with the Rebrand could mean a real Bounce... the chart signals tell me it's a good time to trade in...
BITTREX:LSKBTC
