There is no telling where we will end up. You pick a bottom. Everyone wants to buy at these levels when we are not here, but when we get here no one wants to buy because it is scary.
The fib target is at 108$. The alts dump very quickly compared to BTC because they are very unliquid. We can see that price the next week or two.
On the daily and on the weekly. Only the moonboys are pumping here. Tomorrow we can easily go back to 8k. For me to turn bullihs again i would need to see us colse above the 21 EMA on the weekly.
BTC likes to clear the divergences on the macro carts sooner or later. The more the divergence goes on the more violent the correction is going to be. Look at the divergence from the bear market. Went from 3 k to 14 k to correct. Now if you think BTC cant go back to the lows again you are wrong. I would advize caution and not using leverage in any way.
The price of TOTAL2 is under all the important moving averages on the weekly chart, whcih means that they are now not in a bull trend on any technical basis. The only reason why i didnt sell my alts earlier was because BTC was still in a bull mode above the 21 weekly EMA which gave me hope that this run will continue. Now not even BTC is in a bull mode. This is...
Untill we make a higher low and higher high on the macro scale. It is going to be a slow grind downwords and every week we will have people prematurely calling the bottom. Get ready for alot of pain untill December.
Bounsing off the 21 EMA and rolling over bouncing off the 50 MA and eventually ending up from where the pump started. 50 60 cents. Not touching chanlink any time soon.
Bros i dont mean to sound bearish but. Damn we closed below the 21 EMA and we are not buying it up quickly like we did in the previous times we did that. This leads me to belive that the inmulsive moves up are over for now. We might chop sideways or go streight down, but the most less likely scenario for me now is BTC pumping like crazy in an impulsive manner. The...
I will use the main one ETH. It looks like if BTC has another leg down the alts will follow. ETH fib targets on the 4 h are around 125.
It coinsides with the 200MA. Sorry for all the moon boys wanting BTC to go from 3 k to 100k in one run. It just aint gona happen.
Target around 25 dollars for the next few months. Buy the enticipated news sell on the news, has been the LTC story since the low of the bear market.
This was not the bounce i was hoping for. It looks to me like BTC wants to continue down to the 6000 - 6500 range. I just exited my alts atleast for this week. Hopefully i wont get f..cked.
If we dont get back above 9200 this week the bull run is over or will be severely delayed.
Im using LTC because it is one of the oldest alts and it has the most history. For all thise people saying alts are never coming back. Man I almost wet myself thenking how much money im gona make when alts go parabolic.
The weekly candles are now flipping from red to green, so if we follow a wave logic we should be seeing new hights compared to the previous wave as we saw higher lows. That should send ETH to around 500 - 600 dollar range. EOS to like 15 dollars etc.etc.
We need to break 11k and stay above it for the breakout to be legit in my eyes.
Bullish divergence + sqweezing patterns + engolfing candles. And this is on the weekly. Also fundamentally EOS is very strong. EOS 1.8 + Voice. All of this smells like a chainlink pump coming. 30 dollars doesnt seem impossible to me in a quite short period of time.