🅱️ Bitcoin Short-Term Update Related To The Altcoins Market

17 ก.ค. 2023

As you can see here I adjusted the lower trendline to meet the latest wick low which happened in the last session that closed.

This wick touched $29,664, this doesn't change the chart one bit and Bitcoin continues sideways/range trading.

The Altcoins market continues 100% bullish and we should continue to see many Altcoins breaking up 2-3 digits within days.

Since we have thousands and thousands of Altcoins, you will see the force, the energy move around and take turns.

When one group grows, the other group rests...

You can see small retraces and corrections lasting 3-6 days, sometimes up to 9 days and then surprise, another jump, a new high and this pattern repeats for months until the entire Cryptocurrency market is up 2-3 levels or more.

Bitcoin's relevant level short-term for support is $29,500. If this level is safe then nothing changes.

Below this level the doors open for $28,600 and $28,000 but nothing changes above $27,300... Technically speaking, everything continues strongly bullish above these levels, so there is room for the price to fluctuate.

Meanwhile, Bitcoin continues trading above 30K.

Sideways, the Altcoins grow.
Will continue growing.
100% certain.

Namaste.

19 ก.ค. 2023

บันทึก

Going up now to test the upper range...