$9200 hit and a dramatic fall, some people are calling this a Rejection. I consider this a pull back.
Bitcoin is expected by Bulls to pull out strong, bears expect this to be the temporary top before a fall to lower levels.
Neither will happen
We are about to enter PHASE 2 consolidation for Bitcoin. After failing to get below the $5500 and consolidate between the $6300 to $7700 range..
we are set to do it all over again.
This pullback is HEALTHY, PHASE 2 needs to consolidate between $9000 to $8000
$1000 range? Yes because Im expecting some wildness temporarily but
this range will settle to $8500 I expect this to be
the basis for PHASE 2 consolidation.
ALT Coins are the ones to watch, there are now reaching their BTC bottoms,
after such a drop many alt coins are in a similar USD than they were a few days ago
this is a sign of RESILIENCE and readiness to run after this the top projects will have great returns to earn you more BTC
Tip: one that is showing signs of this is BAT
*It broke out of the 50MA against BTC and now is bouncing off it
last time it did this it went up 80% - watch it closely in the next 2 days.
There are many hidden things I see - Ill keep you posted - NOT financial advice :P
Bitcoin is expected by Bulls to pull out strong, bears expect this to be the temporary top before a fall to lower levels.
Neither will happen
We are about to enter PHASE 2 consolidation for Bitcoin. After failing to get below the $5500 and consolidate between the $6300 to $7700 range..
we are set to do it all over again.
This pullback is HEALTHY, PHASE 2 needs to consolidate between $9000 to $8000
$1000 range? Yes because Im expecting some wildness temporarily but
this range will settle to $8500 I expect this to be
the basis for PHASE 2 consolidation.
ALT Coins are the ones to watch, there are now reaching their BTC bottoms,
after such a drop many alt coins are in a similar USD than they were a few days ago
this is a sign of RESILIENCE and readiness to run after this the top projects will have great returns to earn you more BTC
Tip: one that is showing signs of this is BAT
*It broke out of the 50MA against BTC and now is bouncing off it
last time it did this it went up 80% - watch it closely in the next 2 days.
There are many hidden things I see - Ill keep you posted - NOT financial advice :P