This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off.
To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June.
Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the start of the next uptrend based on a comparison with the previous Bull Cycle. Also the 1D MA50 should start reversing around 50.50 if it follows the symmetry.
you fooled me with impressive, I though it was some good news )))
TradingShot
⋅
@nagihatoum, That's not my intention! I just stated the obvious, wouldn't you agree it is impressive?
lokote123
⋅
@TradingShot, i support you on this, i got some info from a somewhat reliable source, it appears EOS makers want to drop the price of that coin close to 1.6 i suspect others will drop prices to basics also, and later for altcoin season pump all for bigger gains
cardan6006
⋅
it was terrible
TradingShot
⋅
@cardan6006, Why terrible? The target was well hit.