I've posted 2 ideas long time ago, i was bearish looking for 4k+-before we start a next uptrend movement it was because of this (blue striped line) which helped us a lot in past. In my opinion this support line is big BULLISH indicator, and we are still waiting for this "touch".
HOWEVER! After all i have to admit altcoins made a nice rallies so i guess most of them already seen its bottom.
My lines:
Striped blue = support (imo predicting bull run) since 2013
Red Striped line = Resistance since bear market started
Yellow lines = neutral zone/accumulation zone call it however you want
Red lines = Support/resist lines
Dark line = support since June bottom
My most bearish scenario: 4,5k if we start falling by now
My most bullish scenario: We are soon leaving downtrend and (top yellow line) will lead us upwards as support (when it gets broken)
My most likely scenario: We gonna get sideways till half of november, touch a blue line by the start of new year (5,5k around+-) sit there for a while and start a bull run with brain new investors (with GIANT WALLETS)
Good luck with your trades, hope i have a right and gonna get some $ for me and others!
HOWEVER! After all i have to admit altcoins made a nice rallies so i guess most of them already seen its bottom.
My lines:
Striped blue = support (imo predicting bull run) since 2013
Red Striped line = Resistance since bear market started
Yellow lines = neutral zone/accumulation zone call it however you want
Red lines = Support/resist lines
Dark line = support since June bottom
My most bearish scenario: 4,5k if we start falling by now
My most bullish scenario: We are soon leaving downtrend and (top yellow line) will lead us upwards as support (when it gets broken)
My most likely scenario: We gonna get sideways till half of november, touch a blue line by the start of new year (5,5k around+-) sit there for a while and start a bull run with brain new investors (with GIANT WALLETS)
Good luck with your trades, hope i have a right and gonna get some $ for me and others!