Hello everyone
Sorry I have been away for a while...
I see that the long term bear trend is continuing. Bitcoin decided to crash after the bull trap.
Now lets see what we have, I will be posting a more detailed update but wanted to make a short summary...
We touched the 6k levels but did not stay over there for a while. I think that we have to be hanging at those levels before a break above. A wick is not enough.
Target is still the same as the last post.
But we also should consider the case which we break this support point. Breaking below 5k will be really bad for the market.
I think altcoins will be affected more at this level, break below 5k will take eth below 100 and ltc below 30 usd.
And also that can signal a long bear market.
Sorry I have been away for a while...
I see that the long term bear trend is continuing. Bitcoin decided to crash after the bull trap.
Now lets see what we have, I will be posting a more detailed update but wanted to make a short summary...
We touched the 6k levels but did not stay over there for a while. I think that we have to be hanging at those levels before a break above. A wick is not enough.
Target is still the same as the last post.
But we also should consider the case which we break this support point. Breaking below 5k will be really bad for the market.
I think altcoins will be affected more at this level, break below 5k will take eth below 100 and ltc below 30 usd.
And also that can signal a long bear market.