ALago1

ALago1

After the crypto market meltdown it is time to search for a bottom. $20k is the first level at which I'm scaling in. I see BTC either shooting up to $25k, at which point I'd take profits, or it's possible we are going down to $16.5k. At the $16.5k level I am accumulating more and doubling my position size.

ALago1

A recent series of higher highs and lower lows has been forming on the daily chart. While it may take some weeks or even months to get there, I think we will start seeing incremental pulses toward 47,600.

ALago1

ETH has solid historical support at 2500. MACD and volume profile suggests a reversion to this price since recent selling seems to be slowing.

ALago1

Still confident in my thesis that we’ll be testing $30k soon. It’s very bearish out there.

ALago1

Bearish sentiment will force macd crossing and push down to a 30k test.