Consolidating quite long.
While doing continually deflates altcoins which are in front of an uptrend bearing on mind that "alts" lost more than Bitcoin it self /as always.
Now, judging by all parameters, having on mind that most of traders doesn't even have a clue where this Bitcoin goes and how far it can go and so on.
It's not about them, it's about people following them as burning with them (with presumption they fail).
Anyways, when talking about BTC and solely non bias technical and fundamental analysis, i ll tell you right now that GPU mining doesn't pay off along with S9 miners (BTC/BCH mining) (as far as i am informed), but my specialty is trading, not mining to be honest, therefore i could not comment.
Having on mind exact position of entire market which is BTC DEPENDABLE (if Btc goes down, everything goes down and vice versa).
My suggest for all traders is not to gamble via leverages on exchanges, but to take an altcoins which is big time undepriced and reacts good with Bitcoin future price action which will manifest as on graph.
Bitcoin future price ranges would be :
* Attempt to breach 3580 and reach again 3650 in order to make again previous high.
*Retrace from 3650 to 3560 (aprox.) in order to " confirm" new support on 3580 as "piercing it"
*Uptrend towards 3730
*Confirming 3650
*Attempt to 3850-3900
*Confirmation of 3800
*Attempt to breach 4000 and probably succeeding in it while making new high in form 4250
*Correction back to 4000 to confirm new support level
*Attempt to reach 4400-4450 as rebouncing from 4000 (pierced) as acting as support
*FAIL OF BTC towards previous low (AT LEAST).
With all that said, i would recommend everyone to cashout positions on every alt or btc when Bitcoin price reached 4450 (which should be mathematicaly justified peak) and retrace right after while making LH and keep colliding further.
BTC is weekly oversold,
MACD oversold.
Weekly bullish.
Position of every altcoin checked confirms further Bitcoin uptrend.
Dont buy on resistances (3580 3650 3730 3850 4000).
Always rebuy on declinations bigger than 40% of previous gain.
Good luck to everyone guys.