the pop from 6000s went almost +$3500.. we are testing what that gained for the first time.
These 7200s are huge but 6900 is still possible.
We are looking for a very healthy pop off first touch of support down here.
Great pop after a few weeks of accumulation.
Nothing to see here until that could change the longer term projection unless 10500/11000 is regained.
No trading advice here just some longer term thoughts.
While all you micro bulls and bears are busy getting chopped around in the 1 minute time frame, let's take a look at the bigger picture.
Bitcoin has seen many tumbles, and scary prices lately, but one thing is for sure is that we're closing this month (march) forming a double bottom base. Does this mean we wont see any lower, no. What it means is by this monthly...
Gaining $9938 will give enough momentum for the price to push into mid $10k's where we should see some chopping around.
Depending how it acts there, could either push to gain $12k's from last week, or fail and come back to make a new low.
LTCUSD is sitting in a wedge right now, although accumulating for a pop over the past several days there is still the possibility (although very unlikely) that it could have a sharp drop towards $85 before beginning the rally.
1st Upside target: 191
Should see some bullish action today and into early next week. NOT TO BE CONFUSED WITH THE HIGHER TIME FRAME TREND.
THE BIG TARGETS ON THE DOWNSIDE ARE IN THE 2200s AND THEN RIGHT AROUND 1920/1930.
No straight lines. Just something to keep in mind big picture.
p.s. we NAILED this short omg.
After we absolutely nailed the short i believe we will finally see some selling relief.
Big opportunity for a pop today and into early next week before we resume this massive bearish correction.
Looking for some cheap weekly/monthly calls to take advantage.
Linked the old chart for the massive drop we nailed:...
Huge sell off on tap again.
2714, 2722ish and 2730ish is big resistance.
I expect another massive sell off.
It will 100% go test what was gained from this weeks low before any chance at new All time Highs.
Short this pig.