Crypto is like a mechanical bull throwing you every which way to get you to sell and quit. I believe we have one more panic attack across crypto before we hop into the next bullish level of this game. I expect btc currently 43k, I expect it to come down under 40k and the alts to bleed a bit more. We will see panic and doom and gloom again and then the true reversal will present itself.
Trade active:
Although we have rallied from the recent lows this could be serious bull trap territory as we sit in the resistance zone again. I will consider this idea valid until daily candle closes above $135. I still think we are in for a high volume drop before we move up
Trade active:
Taking longer than expected however eh inability to get past the resistance level once again and setting a lower high keeps trade valid. I expect the buying opportunity to be at the break of the line if you can extend it in your head.
Trade closed: stop reached:
Seeing as BTC appears to be close to my target I am going to have to assume the bottom is in on ZEC at $103. I could be wrong but I have rebought
Comment:
got trapped :( still think the low is in or close
