the time for a bounce is here. bitcoin is the big dog so when bitcoin bottoms out here temporarily its an opportunity to go long on your favorite altcoins.the 8K target for btc is down below after this bull push.the bulls will likely fail according to the algorithmic plays that we have seen.
A laddering strategy is the best course of action here in that 18k-24k region. we have a btc futures gap unfilled at 18500 and 24600 on the daily time frame. this can be seen on ticker btc1!
waiting for 4hr rsi divergence and/or a 4hr bullish engulfing will also help in locating an exact bottom whether you choose to buy here or at 8K
my bottom target for btc is 8K for those that dont want to get in on what could be a temporary bounce
thanks for your time
Rigo
A laddering strategy is the best course of action here in that 18k-24k region. we have a btc futures gap unfilled at 18500 and 24600 on the daily time frame. this can be seen on ticker btc1!
waiting for 4hr rsi divergence and/or a 4hr bullish engulfing will also help in locating an exact bottom whether you choose to buy here or at 8K
my bottom target for btc is 8K for those that dont want to get in on what could be a temporary bounce
thanks for your time
Rigo
Comment:
Still on track. Let’s see how it ultimately plays out