The downward wedges continue to hold. LTC $25 soon. ETH $85, EOS $1.75, BTC sub 6k looks pretty possible. When these break out they will put on a big move, but I dont think we have seen the bottom yet. Its interesting to me that some of these wedges culminate right at or near the lows of the last cycle. The Moving averages are the 100MA and the 200MA showing the...
While BTC is holding steady there is a common theme in the major alts. These downward wedges are in place and dont appear ready to break out anytime soon. The wedges appear to lead back down the all time lows as I have indicated with the red horizontal line on each chart. The 100/200MA death cross on the daily charts are plain with BTC death cross incoming if it...
I know it wont be popular, but BTC has not retested the breakout from the first consolidation at 5500. Its possible that we revisit this area before we really begin the next leg of the bull. Last bull we left 3000 without a retest and it went all the way to 20k before returning to that level. Anything is possible. I am not predicting it, just putting it out there...
