I'm not a crypto hater nor no-brain perma bear. I just have my own humble TA and I just keep my rules. Hope you to be a successful traders.
This Fibo channel(white) is based on the Aus '15 dip. This channel shows many things to me. the bottom for the next hype has not been touched yet. I never think that this zone will never be harmed.
Another Fibo channel(orange) is quite a brand new and it shows our hopeum that BTC has touched its bottom already. That channel shows that BTC is facing at 0.382 now. 13450 & 18500 will be the next target for bulls. - After some hidden bullish divergence, BTC is running for the higher place. - Check your chart for Symmetrical triangle, it can be a good for bulls.
But, I think that BTC is on the downward channel until it breakout the ATH. If it breakout the ATH, I will buy some Alts and hold them for couple of years. Many of you are willing to laugh at me. But I just want to take risk-minimization. High risk & high return is very dangerous way to trade. I'm just looking for my position to buy more Alts.
Take your own risk & get some money.
Good luck.
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Now hidden bullish divergences are working. That makes 2 weekly green candles.
As you know BTC is located in the very hostile zone. - Couple of resistance lines by old Fibo channel & symmetrical triangle top.
It's worth to wait for a while before do something. I think.
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Grenadier's position - If you brave enough to take some risk to buy BTC at over here, this position is very good for the expectation of the breakthrough the triangle.
But, I'm a kind of bear, so I'm just keeping my position.
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You can find hidden bullish divergence at monthly chart. Check out your indicators and beware something.
I think this is exactly what is happening Alts are not moving. It's like they dont believe this BTC move is real, but, if it proves to be the big Mama by going ATH. Alts will explode, I agree with this as 1 real possibility if someone laughs at you they will be the one that gets REKT.
divan1004
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@AvgJoe2019, Thanks for your sharing. Alts market can be booked again when BTC is surpass the ATH. I guess.