pyratellama

BTCUSD broke short term bear, being pulled by Ltc and Etc

BINANCE:BTCUSDT   Bitcoin / Tether
Btc             dumped over night and continued into Saturday. It broke downtrend line, and as soon as it did reversed into positive movement channel. There are two resistance levels coming. I believe it will break the first one, not sure about the second. If it breaks the second one then we continue way up to challenge long term downtrend. Overall we are still in a bear market, short term - last 4 hours or so we are in a mini bull channel . When this gets between our next two resistance lines it is a critical time for BTC             . I believe when it breaks those it will be very strong movement up or down. I'm a beginner, so I'm not confident enough to give levels, just what my chart looks like.

I believe if ETC and LTC were not holding so strong that we would have hit 6k-7k, but they refuse to go down as much as BTC             . Every time BTC             goes down they may go down a little, when BTC             goes up they go up more than BTC             . LTC is on a litepay fomo, and ETC is on a fork fomo, and I don't see either of those going a way very soon. Maybe after March 5th we will see ETC go down, but I believe that will all go into LTC.

We are still in bear market, so even after all this analysis I believe we still need to touch long term bottom channel before we break long term top resistance. But there are good opportunities here to make some profit.

Please, I'm a beginner so if you have any input please respond. I am open to new ideas, and here to learn. Please don't take my advice, I could be wrong. LOL
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