If we we're able to break this triangle pattern, the market could recover from it's dump.
If $51,000 breaks, we could predict for another leg up for bitcoin and in some other alts.
Alts market cap is still looking good, btc.d is below 53.
Hoping that bull market cycle isn't finish yet.
But please, always put stop loss from every trade.
Trading alts now is very risky at the moment.
I would suggest, wait for the retest of 51k if it breaks before longing any alts and btc.
If we failed to break that resistance, we might go to 40-43k level.
alts would be bloody, make sure to have an exit plan before it happens.
Trade with a plan, and plan your trade.
Trade responsibly
If $51,000 breaks, we could predict for another leg up for bitcoin and in some other alts.
Alts market cap is still looking good, btc.d is below 53.
Hoping that bull market cycle isn't finish yet.
But please, always put stop loss from every trade.
Trading alts now is very risky at the moment.
I would suggest, wait for the retest of 51k if it breaks before longing any alts and btc.
If we failed to break that resistance, we might go to 40-43k level.
alts would be bloody, make sure to have an exit plan before it happens.
Trade with a plan, and plan your trade.
Trade responsibly
Comment:
BTC Hits 54k today. We're on recovery phase.
Comment:
But still, btc behavior is very unpredictable.
Put stop loss in every trades.
Put stop loss in every trades.