Past week we've passed below a few key support levels, but a clear double bottom has formed and I believe the downtrend has completed. We should be seeing 5 impulse waves forming shortly & aggressive bearish moves in the coming days-weeks. Definitely don't buy this ;)
why you dont juste show us the agressiv bearish move on the chart
faceofahustler
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How long do think it will take to reverse?
webecrypto
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@gabrielrjackson, Quite certain the downtrend is over after that last shakeout. If we break into the lower fib level here and maintain I believe we will be ready for more upward movement
faceofahustler
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How did you call this on the money?
webecrypto
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@gabrielrjackson, i actually shared the wrong chart but had the verbiage right lol. other chart had the downtrend drawn
dinopiccinin
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Wowwww what a drop..... I think BitShares is gonna take a long time to recover from this :(
@webecrypto, Well we do need to see where the 4hr candle and daily candle closes. It could recover a bit, or it could just be the beginning. I'm noticing that btc dominance is on a steady increase, and the altcoin market looks very weak. I'm wondering if more altcoins are next.