If we get a nice breakout and it continues out of the current descending channel this cup and handle I talked about a while ago is still in play.
Thought this was an interesting comparison. BTCUSD starting to point down while TSLA continues up. Long TSLA + BTC (long term, not trading position)
As I try to see if I can catch the bottom on some alts - I stick with Coinbase alts as they are readily available to the US which is a large part of the alt market (I may be wrong). I still like EOS. I will watching for it to avoid a death cross and for the 50 day moving average to turn back up. Just an update of what I am seeing.
If you watched my YT vid yesterday where I go through what happened last halving, you know why I am very bullish on LTC. These levels look okay and there is strong support at current levels but there is a possibility of further downside before the halving. I am keeping my eye on it for sure though, will have my full position by August 25
Possible bounce off 0.5 after breaching 0.618.
If this is an ABC correction by the book, the bottom should be about 9K (A retracement = C retracement). This is about where I have a buy order
Happy weekend everybody! Just a quick update. BTC is still bullish (see chart) unless we break the lower part of pennant which is now important support to hold for the longs.
although they weren't completely negative. Looking to buy in cheap