Hey Folks, what's your thought about that flat market? The technical analysis let us get the most accurate entry points at minimum risks and big potential profits, but in this situation. we cannot do that at flat market. Under flat market conditions, the price is trading in the channel in our case it's from $6800 to $6400 and at any time the price can show the spike in both way. So what to do? Short or Long?
For example at the 1-Month TF the price is going to support line (30EMA) @5300, the smaller 1W TF is more positive it has the 100EMA support line that can be the last bear target before the market will finally reverse the direction, and it is within the proposed prediction at the 3-Months TF.
If this happens, almost all altcoins market will come under pressure given the downtrend of the Bitcoin price.
1-Month TF
1-Week TF
Be carefull, down your average.
GL Traders.
For example at the 1-Month TF the price is going to support line (30EMA) @5300, the smaller 1W TF is more positive it has the 100EMA support line that can be the last bear target before the market will finally reverse the direction, and it is within the proposed prediction at the 3-Months TF.
If this happens, almost all altcoins market will come under pressure given the downtrend of the Bitcoin price.
1-Month TF
1-Week TF
Be carefull, down your average.
GL Traders.
