At least 19.000 will be tested soon , rest depends on other financial and political factors. A new ATH is possible , you will decide what new ATP is.
Alts will not have time to go up till 2020. Patience will win.
Alts will not have time to go up till 2020. Patience will win.
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Bulls tried to pump more at point B but it was obvious that can't be successful. (RSI etc.)
Now we can see where will BTC continue the rise from... 9800 or 8500 ,
I expect 8500 but bulls are still have enough power to stop pullback at 9800.
Now we can see where will BTC continue the rise from... 9800 or 8500 ,
I expect 8500 but bulls are still have enough power to stop pullback at 9800.
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A little bit late as I've told above but fall came as expected , but 9800 passed easily next and actual reversal zone is 8500-8600 but political issues may pull reversal to 7300 or even to 5600. If in this period price movement slows down alts may recover some loses. If so , this will be a great chance to convert alts to btc without loosing btc before the ath run.
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We are still waiting for a decision for complete correction ABC elliot or an accumulation period around 10000 and then start a new ABCDE upward movement.
For C point of correction still 8500-8600 is highest probability.
If accumulation continues around 10000 level for 1-2 weeks alts may start rising a little bit. That would be a great opportunity to sell alts before next btc bull run.
For C point of correction still 8500-8600 is highest probability.
If accumulation continues around 10000 level for 1-2 weeks alts may start rising a little bit. That would be a great opportunity to sell alts before next btc bull run.
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ABC correction is going slow , C will probably be reached after 2-3 weeks than expected. Still waiting for 8600-8700 in first week of August for finalizing correction.
Only if 12000 is passed strongly then we may think correction was enough and new ABCDE has started.
Only if 12000 is passed strongly then we may think correction was enough and new ABCDE has started.
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Long term : Bullish...
Short term bullish scenario is written above, in this case altcoins should be changed to BTC at 8600 level if you are not loosing btc.
Short term bearish scenario : Correction will first go 8600 then finish C at 7300/5600 in 3-4 months. This is a superb scenario for alts. Watch for it if you stuck in altcoins.
Short term bullish scenario is written above, in this case altcoins should be changed to BTC at 8600 level if you are not loosing btc.
Short term bearish scenario : Correction will first go 8600 then finish C at 7300/5600 in 3-4 months. This is a superb scenario for alts. Watch for it if you stuck in altcoins.
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Trade is active , just going slower than expected.
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ABC correction point C may be 7400 but main idea is still the same , first 8600 then 7400 are resistances
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ABC Correction end is about to complete. One last drop may take BTC to 7400 but no further.
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Short term bearish scenario is in play
