Looking for a bounce zone.
Bitcoin's on Date
+ 6th June 73xx->7k
+ 12th June 65xx-6666
The altcoin market looks bloody cheap. Let's open our position once we get a nice bounce from the above levels.
i think it's going to moon from 7k4 -> 12k.
I'll buy bitcoin from 7k7->7k4
The market state is:
+ Two weeks red
+ Week 3 is green
+ Week 4 is red
+ Low Volume
+ Altcoin price / 90 days is only +30% from dip
+ Altcoin price / 30 days +5-10% from dip
+ Most of altcoins touched the bottom of the bollinger band
1. MACD crossed
2. RSI trend's pointing down
3. BTC break old uptrend.
4. 4 Weeks Green Candles - Time for a red week
5. Mkt cap 426 bil is slowly improved but not great
6. big resistant @ 9k2
1. Bitcoin need to rest for a week before going up.
2. Altcoin market will need the help of bitcoin to move up easier by scaring the shit out of traders.