As of now all alts and TOTAL2 is mimicking ETH since ETH is also dominating Altcoins more than BTC in my opinion. Comparison of ETH/BTC, TOTAL2, and ETH Doms charts are proving this.
My RISK-range is between 1400-2850 USD. Trading in this range makes sense to me. Expecting accumulation period to last as long as until January. Hoping for ETH/BTC to not drop much...
Critical point is 47k. We might break above 42k but I don't think it will mean anything. I'have made some comparisons to 2013 in indicators.
The possibility of Bull trap is still in.
However, long term is still bullish. Nothing has changed. I am not sure if we see above 65k this year but I am inclined to see another ath in 2023.
Momentum has slowed down. Media...
Typical retracement. I wouldn't even think of selling at this point. We are going to reaccumulate and refuel before taking off. This is only the beginning.
If you are worried,
Take a deep breath and open the daily chart .
Check out current market cap and remember the value of the project.
Also remember we can't constantly go up.
And last bit: Don't chase after...
This is solely a prediction based on technical build up seen similar to the price action in 11 June - 16 July of 2017. That was a 39% correction but I don't believe we will see such big retracements in this bull run unless a huge fundamental bearish news is received. During this time will come with mixed price action for different alt coins. Some will follow...
With the SEC lawsuit against XRP, XLM has tanked with XRP but in the coming weeks there is a big possibility that XLM starts drawing it own actions and take command for it own fate. The weekly support may get tested again depending on the possible sharp BTC correction. If BTC breaks new high records, it is also possible for XLM to try against a resistance close to...
