So far BTC still looks healthy for more upside to come. The reaction we are seeing at 43k shows a really nice reclaim in the weekly but we need to close above it. BTC might just float around here for a while and maybe even get a closing candle below 43k in the daily but the weekly candle close is what's going to determine the reclaim level.
With BTC Dominance going lower it still has more room down which says a lot about ALTS being on fire this past week therefore an opportunity arises for ALBT
With 40k being broken, it needs to reclaim that as support but as of now staying below 40 looks like a more downside is coming, but we play it simple as anything can happen at the same time, trying to be exposed but always know when to get out. a potential reversal will still be intact if we go 36k but revisiting 33k, I doubt its going to hold that and we may see...
The previous post had 2 scenarios which played out very nicely and here we are bullish move as ever but keeping bias aside I have aligned 3 scenarios on the current price action but its highly unlikely we go lower if we ever consolidate between 45800 and 48600 so making us right now at a very critical area once again but reclaiming 45800 as support will make a lot...
While hedge funds, organizations and retail try to milk each other for as much as possible, I believe while big money need liquidity to play around in the markets BTC places itself as the top in the crypto market for organizations and hedge funds(at least the majority) which therefore marks the cycles between the retail and the big money run by looking at BTC...
If we hold 36 and rebound from there its just going to confirm a more bullish scenario than where it is standing right now at 39100. but if we break below its highly unlikely that 33 is going to hold making it test the 30s but with a flush to probably 29 then consolidate in the range between 30-36 before reclaiming 36 as support unless it breaks below the 30 and...
