I decided to do the analysis from my shorterm and longterm point of view. There is nothing special on this analysis, but still I would like to share my expectation with you.
I expect some big moves within the bigger cycles. The crypto market starts to look very interesting for the mainstream which is good for us.
I just want to remind you to not forget..there is still big big room for growth and the money flow into this market. It's still in the nappies, fresh with big potential and ready for the entries of new players.
The momentum is in green bars on daily.
On the daily RSI is a bearish divergence which has to be wiped off and we got a daily MACD crossover.
Moreover, there is still more short positions opened than longs, which is good against the crowd.
Let's make it epic!
I expect some big moves within the bigger cycles. The crypto market starts to look very interesting for the mainstream which is good for us.
I just want to remind you to not forget..there is still big big room for growth and the money flow into this market. It's still in the nappies, fresh with big potential and ready for the entries of new players.
The momentum is in green bars on daily.
On the daily RSI is a bearish divergence which has to be wiped off and we got a daily MACD crossover.
Moreover, there is still more short positions opened than longs, which is good against the crowd.
Let's make it epic!
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We reached a very important lvl. I think now is the time for the consolidation in sideways. This could be good chance for the alts to catch the momentum.In case the key lvl will be broken, then the correction is in play.
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Look at that ATR line! It's working like a trampoline so far.
Today daily candle will show us more.
Today daily candle will show us more.
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One more testing.
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Still holding
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The BTC is going for the key lvl 2, which is most probably the wave C of the ABC correction.
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The key lvl 1 is our resistance now. We can see an engulfing candle at the 4H TF.
But is that enough to break through it ? If not, then one more push down on the bottom line.
But is that enough to break through it ? If not, then one more push down on the bottom line.
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Daily pinbar in the making.
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BTC keep going. If we can get over the resistance, there is an another wave in play.
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BTC is forming Flat Zigzag. I expect a bounce up from the wave Y.
