This is controversial and I am a big SILVER bull but I am still expecting $8 SILVER for quite some time now. When BIG INDEX corrects so will metals. There is no way around it. Bitcoin is the same. Story for what follows this drop is something else entirely.
The question is are you prepared and positioned for this scenario? I really expect $5500 area but I am aiming for one massive capitulation to eject all remaining trash... Generational bottom and all that stuff 😉
BTC is retesting the lows, which is a good thing. I see this in the near future, after which we will see if we go lower or finally begin a new bull rally. Invalidation of this idea is a close above $10500.
ETHUSD right now is strongly dependant on BTCUSD which I think is going to retrace, which means that ETH should retrace also. In oposite case we are early on the plan, but entry is still the same, above $320 or early entry under $140.
BTC is forming a bearflag for one more leg down. Great entry under this channel with great RR. Could dip into the monday. This dips from now on are for buying, shorts are for hedging. Indicator is yellow which means reversal but it also means be carefull or reload. I am leaning bearish.
BTC is turning around. We will drop once more prob around halving as usual. This event is a promotion, promotion means people selling to you which means asset is in an unstable hands. We will drop and then we really begin a new bull run. ALTS also!
I am still bearish on BTC, close to flipping long, but this is why it is so dangerous. I am leaning on one last drop to take out the bulls, enviorements is still too bullish. Above 9500 is trend reversal to bull, but right here... short for me