Well we've finally gotten an inflection point and we are seeing what looks like consolidation at the bottom. Bittrex looks better than Poloniex, but both are showing the same signs of reversal. We must see a break above resistance at 70-75 to get our first true reversal signal. I am already long SC
and waiting for the return of the alt bull run. As you can see from the graph that we have been getting a nice consolidation wave that is compressing into the Ichimoku cloud
. If we see a strong break here at 70-75, then we will likely see buying pressure push up towards 100 and our next line of resistance. The blue lines were previous support that will ultimately need to be broken. If we cannot break at 70, then we will see a drop before another rise to try the resistance at 70 again. If you're not in this trade yet, then wait for a break and confirmation of 70-75. If you're willing to wait longer, then buy in now at the current levels, as we're seeing the alts starting to bubble up again, which means more money will be moving to alts and we will see the alts move into their next bull run after the 2nd bull run in May/Jun 2017. Remember to not chase profits. Buy into quality crypto that has potential positive news and HODL. I wish you all luck in your trades. DASH and ETH led the last bubble earlier this year, and again we're seeing them leading the way. I've already preparing myself by buying into key alts for the potential for the 3rd bubble to start back in Sep/Oct. According to altindex. io
, we are seeing the beginning of the alt bull run.