BTC.D crucial zone to watch for
I called the TOP of BTC .D at 70% and the are to watch in the zone of 58 to 50%
Since then BTC .D bounced on 57% and BTC maximalists are punishing alt holders.
I would like to point out the linear resistance (blue line) as well as the Fib. one.
The blue circle is important area to watch. If BTC .D will break it upwards then Alts will have maximum pain and will drop further down. I personally see the current BTC power to go towards 65% and then I´m expecting alts relief rallye . Feel free to share your opinions in comments below.
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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