Alts are also better today than the past days. 3800 would be a small step, the levels above would be a bigger step.
I just updated this in my groups and channel. I don't have time to make a new analysis, i will do one tomorrow. So this is just a quick update, i have not really watched the market the past days. So i have not done my research yet. I would keep a close eye on ETH, it has been leading for a while now.
This was also a message i posted, maybe important as well.
For everyone who wants to trade. Day trading is not a real option now. Take a side, bull or bear.
I think for the bulls. If we go up, it will prob still be that second leg up, what we have been waiting for since the 3200 low. So dont focus on the best entry. So whatever you do, i would enter small in this range, and would only start to think bigger above 3950 and actually above 4200. So dont focus on a few hundred points while the end game can be 1000/2000 points. Dont be dumb money, try to be smart money. So dont risk your own money, only risk profits
For Bitcoin it is likely we might be inside a big triangle now. So we could be testing support levels again coming day or 2. But it is important this uptrend from the past days holds.
OI on Mex is still slowly increasing, but no clear signs. Could also be bears trapping bulls and force a long squeeze.
I will try to write a new analysis later today. Just make sure, whatever decision you make, volumes are still low. So there is still a lot of noise in the market now. I assume because it's still holiday period.
I actually told myself not to even look at the market until volume increases, on Mex to at least 1.5 bil. Because it has all been noise the past week. It just really started to look like something just now. Since ETH has been leading many times before.
We probably won't see a break of the 3650/3950 zone until Monday or maybe Saturday night around 02.00 CET, a time where they did some big moves the past month.
If you remember yesterday, where i said a 5 mil sell order was pushing the price down on Bitmex. Well we have seen what the result of that was, it was the exact high. You really don't want to get caught in their games with this low volume, so whatever you do, trade small would be my advice, or even better, enjoy some free time the coming days as well :)
While i am writing this, we can see the bulls try, volume is decent, but needs much more.
If ETH can break that bull flag the coming hours, it could be a good bullish sign. If it doesn't break and drop below 150 (bitfinex), we could see the 140 get a retest
Volume is decent, but we need more. We need volume like ETH showed at the breakout.
If Bitcoin can break up, alts will probably improve a lot as well. But a lot depends on the current momentum. If the bulls loose it, it could end up like any other attempt we have seen the past week. I don't know how many more failed attempts the market can handle.
People blindly listening to strangers giving unsubstantiated investment advice has hurt a lot of amateur investors in 2018. I'm not meaning disrespect here, just stating that posting a message of 'sell now' isnt helpful unless you link your idea providing a thought out explanation of why thats what you are doing. Thats my position.
if somebody is dumb enough to listen to strangers it is their fault.
i'm not a stranger to a few, and this is not against the rules of the forum.