has stayed sleepy since our last update. There are roughly 4 days before it starts brushing against its long-term downward trend channel. We expect upcoming volatility
. At this time we predict a swing to 3850 followed by a breakout to 4100 - 4400. If this holds (candle close on the 2H time scale) the breakout could accelerate to the mid-5000s. Do not enter any BTC
trades until a breakout has confirmed. There have been nasty fake-outs with BTC
breakouts in the past during this bear market.
breakouts usually mean bad news for altcoins. Keep your position sizes small and respect stop losses. We will be aggressive about bumping stop losses on our trades as prices move upwards.
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For setting stop losses / take profits at the same time on Binance we recommend https://signalgroups.com