Currently, I believe that Smartcash does have the potential of the next leg/wave up in regards to a positive retracement. Pattern is there, and w/ the current support levels in regards to the crypto market in general, I don't see a reason why the pattern would change. That said, please invest at your own risk and do your own due diligence. Everything I say is on...
I believe Bitcoin is still in an overall Bull Market. However as long as we stay below the 200 Day MA, I feel we are in a short term Bear condition.
BTC is about to cross the 50 Day MA to the downside, if it does, we are pretty much locked into a decline to $7800. It is from $7800 that I feel we have the first real chance to break the downtrend and move up...
UPDATED: As Bitcoin Drops Buy Altcoins
This follows on my chart from a few hours ago.
The 21 Day MA has been breached to the downside. There is some support at 8534 on the Fibonacci. Then support at the 50 Day MA around 8300. If 8300 is broken then next support is in the area of $7600 where there is Fibonacci support and the turquoise dotted line that...
As Bitcoin drops in price use this opportunity to buy quality Altcoins such as those I've recommended in the past. The coming recovery from the current Bitcoin drawback will be magnified in quality Altcoins.
Verge XVG
Lumens XLM
Dash
ARK
Cardano ADA
Golem GNT
LISK LSK
Check out a rapidly upcoming coin not yet listed on TradingView or major exchanges, ...
