Dangerous time for alts, though! BTC Could break the lower support of her ascending channel and dummmmmp! Or push it's current pennant and push 9k.
Good time to buy long term. Dangerous for weak hands.
Massive support on the ascending channel.
We are wanting to break the top of our current Pennant resistance and if we do I think we will see strong volume and a push to $8,600/$9000 before a correction.
Possible that we lose the support of the ascending channel and drop below to the $7,500 - $6,500 region for a nice correction/accumulation period.
I think we...
I feel like we are at the end of what this run has to offer until we correct and find some support.
We are setting up for a head and shoulders reversal on the smaller time frames.
If the market is this bullish then I think it would be more bullish to see it find support on the 100ma around $6400 before we get a monthly/weekly close above $7400. Then again we could...
I can't help but look at it in the bigger picture.
I agree since our last low in December that it has been looking bullish but overall I still see lower highs and lower lows.
If the Bull run has started wouldn't it be confirmed by getting a new high ABOVE $7,300 which was in theory the last high we have had. And after closing above $7,300 we would...
Can someone check this out?
Alt market cap is in a descending triangle.
BTC over-extended in an ascending triangle facing it's biggest resistance yet.
Could Alts break out of this bearish pattern, go bullish and drain BTC giving BTC a chance to correct and find support on MA?