If it goes down this far would be a great longing oppurtunity.
THe eth dump simply came back down and found support at former resistance confirming the breakout from the months long ascending triangle we were in. Looks good to me. I'd say we are going back up. Beautiful chart imo.
Double bottom "W" formation developing into ascending triangle. Not a long term trend, only on the 15 min, but opens up a a short long position.
Point of control on the weekly. Probably wont go straight down, but i see it trending it's way down to the $9,000-$11,000 area in the coming months before reversing trend back to the upside.Looks like we may fill that CME gap at $9,600 afterall. It will get the price back down to the 20 week ma.
Total Crypto Market cap took a dump and bounced off of the .25 on the fib fan on the daily.
Lost the point of control on the 4hr. Likely to pull back below $10. Chance for those who missed out to stack some link. Short term looks bleak, but long term i see it being a great investment. Not financial advice, as i am not a financial advisor. Just my opinion. That is all.
If not for the virus panic this is what the cycle would look like. I wouldnt even factor that dump into the natural progression of the cycle.
Good example of support/resistance line with the volume profile putting the point of control smack dab at s/r.
Link is sadly in a Rising wedge. On a good note, it opens up a great buying oppurtunity.
On the 1hr i see BTC in a bearish symmetrical triangle with a target of $13,000