All alts have been absolutely taken down, Rekt hard, most are down 50% , but after the insane pump of BTCUSD 0.05% from 6350$ to To 7500$ , betting on them making 20-30% moves in the coming days, although we might see them dump a bit more if BTCUSD 0.05% continues to make moves , but once it starts ranging , should give alts room for growth, BCHBTC 0.38% has also been absolutely Rekt , looks very close to the bottom from here , broke out of the falling wedge and now going for a retest , bullish on it , targets are on the chart , there are 2 possible scenarios here , first it bounces after the retest of the falling wedge , while second it does not bounce and falls right through it , I take it as a 30/70 ratio , with the second scenario most likely to happen , as i expect more moves from BTCUSD 0.05% , alts should dump a bit before they start to make move up, if first scenario is happening , entry is around this price, entry for second scenario is on the chart , although on the daily chart , indicators look very bearish , Stoch RSI crossed bearish and falling from overbought conditions , Stoch crossed bearish , RSI Neutral , only the MACD is bullish , this also makes the second scenario very likely , please do not forget to like and comment if u like what am doing here ;) , I made a chart about BCHBTC 0.38% few days ago , will also share it along with this , that was before it broke out of the falling wedge , although i did not indicate the targets and it was on a 4hr time frame. Will leave the link below this :)
Comment:
As expected , the green line (scenario 2 ) happened, filling my longs