Alt szn? | Bitcoin mewn now? | Stop | Overall trend down!
Good morning folks,
I'm sorry to sound so negative in my analysis. I forget sometimes that people have a lot of money and hopes pinned to this market. And they don't like hearing what the charts objectively say but rather they want to hear predictions and lambo calls. I'm sorry but I cannot do that. I want to be honest in this market so you can make money in the long run or at least not lose money.
I am still astounded by the fact that people are so quick to call the end of a bear trend with current market conditions and such a massive bearish market structure.
I'm 50/50 on my $5500 target but haven't given up on it. Unless we move up past $6700 we can still head back down if the bulls do not have enough firepower to get through the bears' resistance at this $6500 level. IF we do move up, however, I expect us to stop at $8000 max to continue our lower high trend in the macro trend.
Tip: If you've entered trades, make sure you set tight SL, take profits or DCA on the way down on alts. Don't fomo!
Hope my analysis has helped you make good decisions in the market :)
I'm sorry to sound so negative in my analysis. I forget sometimes that people have a lot of money and hopes pinned to this market. And they don't like hearing what the charts objectively say but rather they want to hear predictions and lambo calls. I'm sorry but I cannot do that. I want to be honest in this market so you can make money in the long run or at least not lose money.
I am still astounded by the fact that people are so quick to call the end of a bear trend with current market conditions and such a massive bearish market structure.
I'm 50/50 on my $5500 target but haven't given up on it. Unless we move up past $6700 we can still head back down if the bulls do not have enough firepower to get through the bears' resistance at this $6500 level. IF we do move up, however, I expect us to stop at $8000 max to continue our lower high trend in the macro trend.
Tip: If you've entered trades, make sure you set tight SL, take profits or DCA on the way down on alts. Don't fomo!
Hope my analysis has helped you make good decisions in the market :)
Join our Crypto movement with Alpha Trades