1. There is no real nor power in the market so far.
2. The price still under the big downtrend line created at 17th december.
3. Just today we touched 50 and got rejected.
4. We have made a on last head and shoulder neckline.
5. The price has test the uptrend line several time without success.
6. 6k floor Is the only reliable horizontal resistance. Big things will happen at that level, so we have to be alert.
7. Big players are coming to this space, and trust me, they want cheap coins.
However I´ll be ready if the price suddenly get reversed. A candle closed above the big triangle resistance and the 50 in the will bring a very high probability confirmation that we are in a long term uptrend.
It is risky opening long positions at this stage? Yes it is.
Could my current vision of the market get destroyed by a huge green candle? Yes it could happen, however the probabilities are quite low.
Everybody including me is extremely in There is a huge opportunity around the 6k level and below, but it is up to you compare this analysis with many others here of your preference and take a solid decision about where you are at this moment and where you want to be later.