As we see Bitcoin followed our Bullowski Roof to the top again. Let's see what happens to our alts!
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Received huge amount of messages concerning the current market stage and most of you guys a really panicking... Not sure why there's panic since we went through this multiple times in prior few month! It is a simple market correction, mostly due to major manipulation in the news agencies and even a government. What is currently happening is that they are trying to break price and bring it downward apart from Bitcoin's natural movement course. Only the weeks will remain standing after this is done and it seems like it should be slowly ending within few days. We still haven't fallen below our support and we see Bitcoin at 18,000 in no time and then at around 29,000 right after that. It does not signal stability but in terms of price, we definitely expect it to rise up.
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Lets see if our support holds
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Recovery is a slow process. Patience is key at this point!
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Will we go up now?
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Previous support broken again - great sign
Target to confirm upward trend
14,200
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Short Term support is currently at $10,090
Long Term support is currently at $9,470
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If we break short term support we may possibly re test low $8,000 or even lower
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We will make this trade active for long term investors and in addition to short term investors who have knowledge of working on purchasing it on dips, sell on highs and repeat same technique multiple times within a day
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Should we assume double bottom at $10,000? Comment below your thoughts