apollo69

apollo69 Updated 

There are two scenarios for this Bitcoin correction - this one is the more bullish, looking for support at the top of this channel (plotted on a linear axis) around $6400, which lines up with 50% fib extension support

apollo69

This is the more bearish scenario, looking for a correction back to the bottom of the wedge (chart plotted on a log axis) around $4900 - if this happens very fast (e.g. loss of confidence in another Mt Gox scenario, see Tether/Bitfinex'd issue), then this would line up with confluence of fib support from the last two lows.

apollo69

I think when ETH/USD breaks out of this triangle, that is when the alt party really gets started and we see capital flowing back into the ICO space...ETH/BTC is a key ratio to watch for capital flows as well. BTC/USD struggling after that parabolic blow off yesterday, and alts are flying....think BTC dominance has peaked as per my recent posts, I hope you are all...

apollo69 Updated 

Buying on a pullback to $5920 - confluence of fib support, previous highs on the daily chart, and triangle breakout support line. Stop below $5850.

apollo69

Fibonacci retrace support levels converging with long term support line around the Segwit2x date, expect more FUD and uncertainty leading up to that date and then resumption of the bull trend once uncertainty is resolved.