BTC and ALTCOIN (BTC and USDT markets)

luckys (52)in #bitcoin • 5 years ago

BTC and ALTCOIN (BTC and USDT markets), BTC still in full uptrend. It didn't break market structure yet. Even tho there are some bearish indicators in the HTF, Price action is still Bullish. Retailers FOMO is insane, in the LTF the trend is drawing another Flat Top triangle as previously done. If the pattern breaks upward, we are looking at $11.800 🚀

If BITCOIN is able to reach and break this level, it might increase 2k a day and spike all the way up to 20k in less than a week. Resistence above $11.800 is minimal.... if this happen, it will then somehow crash so HARD that you won't be able to sell 😄... You know what happens when things turn Parabolic, I think u got some examples (ex. #MATIC).

Expect EXTREME VOLATILITY... If BTC keeps pushing up, focus on TOP 20 coins of Coinmarketcap in USDT Market, don't even look at BTC market... ALTCOINs will die against BTC if this happens.

We will see an ALTCOIN season ONLY when BTC starts a correction.

For further any queries
Ask @luckys