I will assume BTC and all altcoins will bottom at this major level. This indicates a bottom of 3500 - 4500 on btc, $50 on NEO, and the level in which I will start adding to my altcoin positions.
Kommentar
⋅
i've been long from 720/7300 on btc. I will take some off the table if/when btc hits around 10.4k. For the record, I am half a hodlr/half trader. My alts are my hodls, half my ether and btc are my trading instruments (i.e., willing to take profits/try to buy cheaper/trade in and out of)
@kesmoments, Unlikely bottomed, but possible of course. Most definitely not a time to sell positions ;)
MichaelShutterbug
⋅
The downtrend from one week ago until today is broken. Right now the uptrend from one year ago until today which broke just these days is alredy recovered. Do you think those factors are additional important criterias to your analysis?
@Lanmar, and additional to that I can see in the 4h chart a inverse SHS building, head on the way to complete. Depends on if we can continue upwards to that critical level. Thanks for your feedback. Busy days now:-)
copa1079
⋅
Hell yea, check out my similar conclusion
Lanmar
⋅
@copa1079, Nice! I was hoping we'd reach this level today (to buy really cheap!), but unfortunately we haven't. Still in the cards, but a lot of signs of bottoming in the last 24 hours. We shall see. The market tends to play both sides of participants. Either way, we are close. Good stuff