Weekly block from 2018 giving support,
At most we should wick into mid 8's Bear market was almost identical to 2014-2016 Fib wise. Worth noting: 2018 Bottom was on 150% of the 2013 top. 2017 Top was at 238%. Next bull market top is going to be 250k and its bottom 50k, drink that cool-aid.
Going to compare it to the one week going forward. Almost no fakeouts being this slow
Shorting 0.786 fibs has been obvious since the top and second LH but noticed also that the minor bounces stopped short at .5. If price is a bouncing ball this ball has lost its bounce
Would have been better if this broke to the upside
I believe this total crypto chart shows to me that we are not done being bullish. Moon rocket support that started the bull-run in Nov 2017 was tested 3 times and broke the 4th time in Nov 2018. Same level was reclaimed and retested as support in May 2018. Wheelchair support from Apr 2018 was broken Aug 2018 with a following bearish retest. May 2019 the same...
I think BTC will keep going up. But got to short this weekly orderblock. Bearish case: Altcoin look like they could go up, BTC.D is retesting breakdown. Bitcoin 2017 top fractal is playing out Bullish case: 35% correction has already occured. ETHBTC fractal suggest another 10 or 40% drop. Total Market Cap broke out of trend line for a second time. ETHUSD...
Chopping up in this key pivotal level. Below 10185 and we go down to sub 9 Above 10402 we should move upwards but a lot of resistance until we clear 10841. After a 35% drop and bullish save on high volume I think we are done correcting. ETH and LTC USD pair is on good support. If the market is going to stay bullish it happens now. Otherwise short setups on...
If ETH closes this weekly above 192 this downmove was just a part of disbelief. I think BTC will reach ATH and ETHBTC drop -20% more before it starts outperforming BTC though. So won't buy ETH over BTC
Breakout a second time after a fakeout should be good. This gives me a bullish bias depending on where it closes midday and midnight.
Add on reclaim of green support. EMA crossing, weekly support,
I think we might see a relief bounce on alts as BTC drops to 8k
LTC on support, might buy some margin, but not convert spot btc until 0.008 is reclaimed for a move to top of the range. Aka Alt season.
I should have shorted but will do so after we break support instead, 20-50% down to go