BTC regains momentum
Bitcoin held structure very well during this retracement. We can see that the initial spike came down to touch the 61.8 fib level with the bulls retaking the price for a few days. Prices dipped once again and held structure at the 50% fib level and has been gaining momentum ever since.
A massive increase in the market cap has been noticed. ALT's are starting to dip again as the market cap is moved towards BTC.
This is a massive indication to get your money out of the ALT's now and reinvest in BTC.
Wait for price to break 17200$ with stop losses at 15800. Profit can be taken if price action bounces off the ATH at about 19700 wait for a medium sized red candle on the 4H time frame as a confirmation of price reversal. To be safer wait for a new ATH before getting in.
A massive increase in the market cap has been noticed. ALT's are starting to dip again as the market cap is moved towards BTC.
This is a massive indication to get your money out of the ALT's now and reinvest in BTC.
Wait for price to break 17200$ with stop losses at 15800. Profit can be taken if price action bounces off the ATH at about 19700 wait for a medium sized red candle on the 4H time frame as a confirmation of price reversal. To be safer wait for a new ATH before getting in.
註釋
Trade is now open at 17200$註釋
Price seems to be reestablishing itself above the previous resistance level of 16600$
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