BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
resistance is too strong, not enough volume . Market sentiment declining. Retail investors lose trust, looking to get in low. Market will eventually breakout from a V bottom reversal like what we saw at 6.3k a little bit ago. There may be a few bounces along the way but DO NOT be tricked, 5.5k is just beyond the horizons. Alts still need to bleed before another bull run can begin.
Great post! You are one of the very few who predicted the fall accurately so far. Could you please suggests me a good time to make an entry for a decent profit with alt coins?
You said that alt coins need to bleed before we head for a next run. So, how can I identify that? Can I consider XRP, EOS, ETH as an example? If so, what is the strategy? i.e. should I look for their RSI fall below 25? Or, should I expect their price to fall around March 18 price? Please help. I really liked your predictions so far!!!!
@vatsa, Hey thanks man, Appreciate it :) . ill assume decent profit is something like 25% ROI within a month+. RSI at least in Crypto is not always trustworthy especially with alts, and i wouldn't pay attention too much to it if your going to enter a long position where you wouldn't sell until after a few weeks or so. My personal opinion , i think Eos and Eth are gonna fall a little bit more, for example eth at 500$ would be a great buy to hold onto for a few weeks until a bounce. But IMO , just wait a little more , the alts haven't really suffered as much as they can .
vatsa HarrisProng
@HarrisProng, Great and you are absolutely right. I just checked the price of many alts and they are still 3 to 5x higher than the APRIL 10 lows. e.g. ONT, MYTH, ZIL. Ok I will wait for a while to see whether they go down. Thanks for your help and advice.
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