Sort of an update to my previous video charts. See related ideas.
BTC is still a short term bearish decline.
If the April 1 through end of June pump was the top of wave 1, then we are currently in wave 2.
Wave 2 can extend anywhere between mid August and mid September.
Supporting evidence:
The greatest evidence is the breaking of trend lines.
You can see price broke below the top red (dotted) trend line) and without a tether pump, the daily will close below the green trend line, confirming more downward movement to come.
Indicators are also indicating more down to come.
Targets of 8463 and 7202.
Will this mean an alt season? Maybe... but this summer has been different.
BTC pumps from tether and Alts bleed. BTC dumps from tether and alts bleed.
With the upcoming US Ban in just several short weeks, a part of me wonders if the majority of alt coin selling has been from the exchanges themselves?
BTC is still a short term bearish decline.
If the April 1 through end of June pump was the top of wave 1, then we are currently in wave 2.
Wave 2 can extend anywhere between mid August and mid September.
Supporting evidence:
The greatest evidence is the breaking of trend lines.
You can see price broke below the top red (dotted) trend line) and without a tether pump, the daily will close below the green trend line, confirming more downward movement to come.
Indicators are also indicating more down to come.
Targets of 8463 and 7202.
Will this mean an alt season? Maybe... but this summer has been different.
BTC pumps from tether and Alts bleed. BTC dumps from tether and alts bleed.
With the upcoming US Ban in just several short weeks, a part of me wonders if the majority of alt coin selling has been from the exchanges themselves?
Kommentar:
Kommentar:
Still in play! Interesting how yesterday's tether pump just happened to send the price up to the green trend line but no further, creating a nice wick confirmation. :)
