Long at 19400 if it breaks above the rectangle
Be cautious and set stop loss even if you investing. ATH SPY high 4K looks pretty reachable in the short term though. Notice how times have changed, now the drops and recoveries are even faster. Exponential.
What if this is an ABC correction! What if Smart money wants to buy cheap! What if wall street wants to jump into Bitcoin! Manipulation you say! What if another market crash is pending! Nah not happening! What if the Great Reset is a total reset? Huh! LOL, please don't take this seriously, until it happens. Who knows, nothing is permanent anyways! NOTE: This...
Breaks up = Bullish Breaks down = Bearish Indicators are still bearish! Pick the short trade in the previous post if it breaks down
This is my view of ATH. Don't forget your stop loss and always manage your risks!
New ATH, here we come! After that some solid consolidation for alt to rise and then retracement because of media FOMO and everyone trying to get in. That's when we drop!
BTC dominance > Stable/Increase = Alt Dominance Increase/Increase
This is how it might play out. But then again in a parabolic run, BTC always proves the fundamentals wrong. Laws of Exponential Growth: - Exponential growth is counterintuitive - People don't usually understand exponential growth - When exponential growth takes place people usually underestimate how quickly things can change.
Both Elliot Wave and Murrey Math Lines suggest a 16% drop! Let's see how it plays out
Trend and Market Psychology is your friend.
Check Chart
Buy on every small correction!
Buy long in the rectangle region!