This is really a strong possibility, I know the chart isn't showing much at all. If you are interested in the analysis I based my decisions on for both ETH and BTC please check my recent published ideas. (or for convenience the images below)
65% gives us exactly a really strong support line for both ETH and BTC , so it all matches pretty well. (277$ was the start of the new cycle of ETH, 5860$ was also the start of the new cycle of bitcoin after the 2017 - 11 small correction).
This will be the last bull run for all alt coins before BTC starts correcting and dropping all of the prices with it.
This is again just a really high possibility which I believe in. Again check the charts I published and you will see why I'm thinking this way.
Q: Why do you think this correction is different than all the others?
Well BTC had really strong corrections at the beginning such as dropping from 1200$ to 400$, so kindoff this correction is no difference.
Bitcoin went parabolic and the parabola was violated. Of course no stock or currency in the world can just keep increasing forever in such manner.
A correction is required before the beginning of a new cycle that will bring us new all time high. (correction is actually really healthy for attracting new investors with fresh money for the new cycle, as no one likes buying something that is expensive.) (the new cycle will be like all of the other cycles, an exponential growth)
Again this is just a possibility, meaning it can either happen or not. That said, Alt coins are going to be increasing in value as Bitcoin is having a rough time with resistance that is hindering its advance.
What alts should you invest in?
I suggest high alts, don't take the risk with coins that you can get stuck in due to lack of . I have done the analysis for couple high alts in my page, feel free to check them out.
10% gain in Sia and DGBm and DOGE is moving up.
I wouldn't be greedy with alts, try to sell off at the first target and stay either in BTC to claim your B2x or switch to USDT until we have a clear vision on the trend.
If you want B2x then buy right before the block and sell right after, or do whatever you think is right. Im just giving some suggestions.
Trend is still down as called a week ago.
Now.. dont buy any alts and stay in fiat. BTC as mentioned takes everything down with it.
Said alts will boom for one last time... and they did.
Said that after alts boom BTC will drop.... and its dropping.
Hopefully, someone out there used this idea and benefited from it.
Dec 27th, more than a month ago when BTC was at the peak still. called it!
I was one of the first to call out USDT on tradingview when the auditor left them, check my posts. I made it clear to warn everybody about USDt and that they should only hold USD in coinbase.
This was a long term signal. Candles used are weekly candles. I don't understand the "swing trader" part.
Non of my BTC signals here were for swing trading or hourly trading.