BTC finally dumped, but bounce expected

24 wrz 2019

As forecasted, price found first support at ~9600. Got some volume back, but at day chart it is still decreasing. That was the first stage, that leaves both bearish and bullish scenarios open. Surely the picture is bearish and going long seems to be too risky now. Dominance grown near 70.8 resistance, so we may expect it to pull back a little, letting alts breath out and recover small % from yesterday dump. In current situation I do not recommend alts over trading. Just close the position you had and look for dip buys for future ones. Whatever will be the direction, alts will dip again.

If I was whale, I would push price up to collect liquidity in bull trap around 9850 - 10000 range, the higher, the more retailers will jump in there. That would be a perfect spot to dump it lower.

25 wrz 2019

Uwaga

Descending Triangle I draw on 9th September - perfectly executed classical TA pattern