PLEASE DO NOT FOMO! WHERE WILL BTC GO? LET ME SHOW YOU THE WAY
***Analysis is based on fractal as seen in Jan. 2021 (see previous idea) when we were ranging between 28k and 42k.***
I am really leaning towards a double bottom between 28k and 30k. Lowest will be 28k. I see some calling for 20k. While I do think it is possible, I will stick to my analysis.
I don't have them plotted but Fibs aim for a new ATH of 72k.
I am short term bearish. Overall bullish.
I do not want to own BTC as I do not see the potential in ROI compared to ALTs. I will be setting buy orders around the same LOW prices we saw on May 19th to May 23rd for all of my alts. Slightly lower incase it dips past 30k.
What does this look like for alts?
VET: $.04-.05
XRP: $.65-.69 ... nice!
POLKADOT: $15
XDC: $.04
and yes, even meme coins like Akita... Coming in at a whopping .000002 Akita.
If I am correct and BTC double bottoms the support then I imagine alt coins will have a concise and small consolidation area until each day a new one pops off.
Good luck.
SET YOUR ORDER LIMITS!
I am really leaning towards a double bottom between 28k and 30k. Lowest will be 28k. I see some calling for 20k. While I do think it is possible, I will stick to my analysis.
I don't have them plotted but Fibs aim for a new ATH of 72k.
I am short term bearish. Overall bullish.
I do not want to own BTC as I do not see the potential in ROI compared to ALTs. I will be setting buy orders around the same LOW prices we saw on May 19th to May 23rd for all of my alts. Slightly lower incase it dips past 30k.
What does this look like for alts?
VET: $.04-.05
XRP: $.65-.69 ... nice!
POLKADOT: $15
XDC: $.04
and yes, even meme coins like Akita... Coming in at a whopping .000002 Akita.
If I am correct and BTC double bottoms the support then I imagine alt coins will have a concise and small consolidation area until each day a new one pops off.
Good luck.
SET YOUR ORDER LIMITS!
Comment:
Okay that trend line aged poorly. I simply believe we will see more consolidation before reaching the next leg down! That is when I will be buying. If prices do not reach my targets... I will not buy.