Greetings,
As we said last week, bitcoin would track sideways and then move up finding its new range. Which is exactly what has happened.
BTC found its new range between $44,000 & $49,000. Right now Bitcoin is on a complete roll and looks like it can higher in the short term. When BTC becomes parabolic, there is really nothing that can stop it (there is always something that can stop it though lol). The fact that we broke a 3 month resistance (45/46k) is an excellent sign for cryptocurrencies in general and we should see a rise in all prices across the market (which we have already).
I've left my blue line which I drew in a few weeks ago showing what I thought would happen with price action.
Altcoins are also moving in conjunction with BTC. I'm watching BTC.D very closely as to when to trade in Bitcoin and when to trade in altcoins.
Remember, nothing is guaranteed, control the controllables.
Mogues
As we said last week, bitcoin would track sideways and then move up finding its new range. Which is exactly what has happened.
BTC found its new range between $44,000 & $49,000. Right now Bitcoin is on a complete roll and looks like it can higher in the short term. When BTC becomes parabolic, there is really nothing that can stop it (there is always something that can stop it though lol). The fact that we broke a 3 month resistance (45/46k) is an excellent sign for cryptocurrencies in general and we should see a rise in all prices across the market (which we have already).
I've left my blue line which I drew in a few weeks ago showing what I thought would happen with price action.
Altcoins are also moving in conjunction with BTC. I'm watching BTC.D very closely as to when to trade in Bitcoin and when to trade in altcoins.
Remember, nothing is guaranteed, control the controllables.
Mogues
