Bitcoin trend change. Here is how I think it will play out.
Komentarz
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First Target Reached and it bounced very hard, straight up to the sell target. If it continues following my chart, then it will continue downwards. In the case that it does manage to close above that upper trend line, we could see another run for ATH, otherwise I think a dip to 2800-3k is necessary before we start moving up again.
Zlecenie zamknięto ręcznie
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Looks like we're headed for ATH again. closing the thread
Zlecenie aktywne
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I'm actually going to keep this open for a while. If it crosses above $4200 again, I'll close it
Bounced dead on your long trend line. Hats off to you sir.
Karthyk
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I believe ~$3950 is the new support level and it may not go below that as it has bounced few times from that level. Do you think correction will happen to ~$3000. Do you have a time frame?
Beastlorion
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@Karthyk, For now, I agree, but I think that at some point over the next week that level will break and we'll follow the chart I laid out for it.
Karthyk
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@ajdourgarian, thank you. I was planning to pick few Bitcoins to buy ZRX. Over the last few months I have noticed that If Bitcoin has small correction then alt coins usually go up but if Bitcoin has major correction like ~$3000 then all go down together and alts bounce back better and faster. My question is if Bitcoin corrects to ~3K then ZRX may also go down. would you recommend buying ZRX now or after the correction? or you think that ZRX is at the lowest point?
Beastlorion
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@Karthyk, I'd try to pick up at the bottom of a bitcoin dip and then try to get ZRX at the bottom of a dip as well. I think ZRX will not get below 8k again, so trying to pick up BTC around 3550-3650 and then buying ZRX around 9k sats or less seems like the optimal way for this to play out.
Karthyk
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@ajdourgarian, noted. thank you.
jfranklin9
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@ajdourgarian, you were right. it just broke to 3500!
jfranklin9
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@ajdourgarian, ... and bounced big.
KLYP_Investment
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you got rekt
jfranklin9
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Kumo breakout has occurred on the 4hr. What do you think now?