Every time it makes a new ATH, it does twice (one purple circle, one yellow circle), we are in the second circle. Buying here is very dangerous unless the channel is breaking from upside to confirm a new degree of a log channel start forming. I wonder who is buying now.
Crypto, is not EA (up to 5000) too out of the channel? Some traders predict a minimum of 6000 (~ support line) because the market is optimistic a lot ...
Ralebr
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Is 5000 possible?
CovidScamIsAnIQTest
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@Ralebr, 5000 would be outside of the channel though...most likely not gonna happen considering how bullish the market is. Even 6000 is a stretch.
Ralebr
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@sifeij, thank you!! Following...
Soulace
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But if you look at when it hit 5900 it only had a slight correction on its way to 7500.
Soulace
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@Soulace, Also judging by how almost ALL the altcoins are also getting dumped I have to assume as well that BTC will continue to go down. Im hoping so.
CovidScamIsAnIQTest
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@Soulace, Thank you for your agreeing with me :) I hope we are not wrong.
CovidScamIsAnIQTest
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@Soulace, That's some abnormal bullish move, I totally agree. I have a feeling it's about the altcoins time soon. Not sure how that plays out when BTC going down. As of last night, it seems alts are following BTC which is something I don't like to see. Therefore, I took some profit from alts just in case when BTC corrects.
Soulace
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@sifeij, BTC might have 1 more nice sized correction from here to end of year. I see it at 10K by end of year
CovidScamIsAnIQTest
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@Soulace, Same here. What a Christmas and happy new year that would be :)