As most people are bearish on bitcoin, I am quite sure it will go up from here, or at least around the 8000 usd level. If we can see previous indicators, it all points to a consolidation where most topcoins are literally obliged to make some action, and more probably to the upside. The falling wedge is not yet invalidated, as a bounce of the pennant is still possible as a lower visit within the pennant. On the longterm we have in time even passed the pivot point which indicated a reversal. We are nearing a very very important point of decision. I cannot believe most people are willing to sell at this time, only if you're a daytrader perhaps.
I'll be posting other TA on topalts, which look even more bullish, especially XRP and TRX.
I'll be posting other TA on topalts, which look even more bullish, especially XRP and TRX.
Comment:
Decisions to be made
