If I were in a position already I'd keep holding just incase it gets to the high 9ks. Any break below 7.5k is a short entry. Not going to open a long here. Overdue for a pullback on weekly, patiently waiting for a clearer long-term entry and more information. The next weekly low will be a big one.
Weekly shows many signs of overextension. However don't want to miss out on this possible move. Do you have a plan for if this happens?
On the altcoin (others) catagory. Note the lack of corrections on wave 3, no technical dips just month after month of fomo. Altseason is coming, maybe not tomorrow, maybe not next week. But soon. Be ready.
Short term top is likely in now we broke the parabolic rise and bear volume has picked back up. Retracement targets lining up with key support and fib lines. Around $5.5 - $6k is a reasonable target to buy in for the long haul. Waiting for monthly higher low to confirm bull trend is in.
Expecting bearish volatility in response to bullish volatility and gaps on CME
Selling now, too dangerous looking. Likely correction coming.
here's when you should have biased fiat, btc or altcoins for maximum gain and capital preservation based on btc dominance data, ETHBTC chart and other ALTBTC charts, note: the massive altseason from march to june 2017 the loss of BTC value if you held alts from june to december 2017 the month long altseason post BTC-top
If we get above and stay above and retest then I'm a bull. Otherwise staying skeptical.
Honestly all the signs are pointing to this being a terrible long. 5.8 - 6.2 resistance coming up. Volume on recent bull candle unimpressive. CT euphoric. With all this said, there's a reasonable chance the bear is over. But I'm waiting for an uptrend and a break of resistance to get my R/R right. Still a reasonable chance of this going sub $3k.
I'm no mathematician so I kind of pulled these numbers out my ass to be honest. But hear me out. Assuming the trend continues (on increasing market cycle time), then these are some guesstimated numbers of this market cycle's bottom and top. Pink vertical line is bottom, orange is top. Bottom this autumn, with next top in 2022/2023. Also note the time the...
Could see an explosive move down $200 fast.
Called this last week. The bear is still alive guys be careful out there.
Bear pennant with rising wedge and falling volume. Change my mind.