I've been waiting to see how the current retracement would shake out before updating forecasts on the next leg up and price targets for June.
Unfortunately, we will need to wait a bit longer. The current bearishness has not reversed yet. Indicators in all timeframes in the next week or more show downward momentum. Until there is a reversal in a few of these timeframes, it will be difficult to predict when the next leg up will occur.
In this video I make some guesses about how and when the current shakeout will end, and what that could mean for prices in June.
Please take this forecast as very preliminary until we get more concrete data when a reversal is indicated.
fuck chinese communist party and chinese whales who manipulated the btc and crashed whole market .
there is so much buying pressure in ada as soon as chinese btc stay stable ada will recover fast.
1 month now the problem of ada is china and btc
fariba_fariba
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@oacen13, the dark side of this story part is that iran is cooperating with chaina. two dangerous governments trying to take hold of btc market and crash it down when ever they want to by in the dip and become the greatest btc holders along with mining
KolliDam
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@oacen13, It's more complicated than that. I hate then too for other reasons but you now, If this isn't the end of the cycle, we should see this as an opportunity to accumulate some more coins. Positive attitude 😇
Forrealz
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I remember last bull market so many people posted higher and higher targets for alt coins all the way to the top, I remember seeing targets for Dash being something like 4,500 near the top
Forrealz
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The boundaries are set, if Btc loses the 382 on a weekly perspective it’s game over
Ramune
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Thank you very much, but I can't understand what you saying, bad sound..
c3l3x
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@Ramune, Sorry about that. It seems worse than usual. I'm planning to get a better setup on my next trip (first week of June). Until then I'll see if I can improve the sound a bit.
Ramune
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@c3l3x, That's great! Thank you for providing the daily analysis, they are the best ever ..
there is so much buying pressure in ada as soon as chinese btc stay stable ada will recover fast.
1 month now the problem of ada is china and btc