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A big WELL DONE to everyone who followed my BTC analysis. We hit the EXACT bottom to the exact candle and have been in the money since. good job!
I called the BTC bottom perfectly which is great news. Now we can start monetizing on the large volume Altcoins! First on the list, Ethereum!
Today ETH has broken out of the side-wards resistance line that held price down for so long. This is great news for ETH holders as it gives a complete new lease of hope after a continuous price depression that showed no signs of stopping. Now that price is broken, where to enter? Well, before ANY entry you want to see a level where the probabilities stack up. A good place for this would be the side-wards resistance line we've just broken turning into a support line. Why is this such a good level for an entry? If we test the level we've just broken this shows a total disregard for the previous bearish movement and shows that something new is happening.
A 12% move in 1 day is not a coincidence. It means something even if only short term. Take action and monetize and stop worrying.
Bear in mind, that the move has ALREADY LAUNCHED. So do wait for a move. Chasing it now is eating like a bird, and pooping like an elephant. Wait for the retest and get in at the side-wards resistance turned side-wards support line before entering the trade.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will be going more in depth into this analysis if it receives sufficient attention.
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Is the fall of 82 dollars ahead? Or climb to over $ 100 on the way?