This is what I feel the market sentiments are right now.
But again, We will know with time if new volume is coming in so that it flies high crossing this resistance.
Good time is coming. Let's just fasten our seat belts .
But again, We will know with time if new volume is coming in so that it flies high crossing this resistance.
Good time is coming. Let's just fasten our seat belts .
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Look how beautifully BTC is following this same thing.
I forgot to add how it works out because I did it on telegram.
There are a few scenarios :
1) It would Touch this Resistance (red zone) and retrace back. This is something I am looking forward for. This will make it organic in nature and sudden volume has been increasing the price of BTC and I don't think most of us are ready for Bullrun Right now. We need ALTs to recover first and that's this scenario.
2) S/R FLIP!! If it crosses this resistance and this will become a huge support.I don't think people are ready for it yet emotionally. Alts will be stable after XBT getting stable. April has been the most volatile month and yeah it's visible now.
This is my opinion. Hope you like it. But I am hopeful to increase our BTC value before the Bullrun.
I forgot to add how it works out because I did it on telegram.
There are a few scenarios :
1) It would Touch this Resistance (red zone) and retrace back. This is something I am looking forward for. This will make it organic in nature and sudden volume has been increasing the price of BTC and I don't think most of us are ready for Bullrun Right now. We need ALTs to recover first and that's this scenario.
2) S/R FLIP!! If it crosses this resistance and this will become a huge support.I don't think people are ready for it yet emotionally. Alts will be stable after XBT getting stable. April has been the most volatile month and yeah it's visible now.
This is my opinion. Hope you like it. But I am hopeful to increase our BTC value before the Bullrun.
Trade active:
Last EMA55 was 240 days ago!! And with April, it has happened again. $BTC had a strong close in April and broke the downtrend.
New Strong support 5300 zone and after that 49xx-50xx zone.
It's playing out within Our range giving us a good vibes about future.
Last two cases stand valid:
1) Could cross 5600 zone and touch upto 61xx and come down.
2) Strong break towards 42xx - 43xx which is required for market correction.
Either way it will be coming down after touching 61xx zone as well. Cheers!!
Long BTC short Bankers.
New Strong support 5300 zone and after that 49xx-50xx zone.
It's playing out within Our range giving us a good vibes about future.
Last two cases stand valid:
1) Could cross 5600 zone and touch upto 61xx and come down.
2) Strong break towards 42xx - 43xx which is required for market correction.
Either way it will be coming down after touching 61xx zone as well. Cheers!!
Long BTC short Bankers.
Trade active:
Well It touched exactly Our zone and now preparing to retest 4700's IMO for market correction.
It should be doing that so that ALTS can breath Properly.
It should be doing that so that ALTS can breath Properly.
Trade active:
$XBT / $BTC
It's in the redzone of resistance as we expcted on 10th April !! Everything is happening as we read in charts!!
If it breaks this resistance, It will be a huge support and crossing 6300$ this week or a close above it will make the market get into BullRun again!! We don't expect it to break down again for a few months if that happens. $BTC will reach new hights because of it.
Meanwhile if it retests as we're expecting it to do, it will a fresh breeze of ALTS to go for altrun!!
It's in the redzone of resistance as we expcted on 10th April !! Everything is happening as we read in charts!!
If it breaks this resistance, It will be a huge support and crossing 6300$ this week or a close above it will make the market get into BullRun again!! We don't expect it to break down again for a few months if that happens. $BTC will reach new hights because of it.
Meanwhile if it retests as we're expecting it to do, it will a fresh breeze of ALTS to go for altrun!!