We believe Bitcoin will move lower after reaching a peak price this or later next week. Then Bitcoin will start to retrace, this retrace can take 1-3 months depending on multiple variables, we will either see a test of support and resume the bull run. A higher low or a new low by September 2019. This, of course, varies depending on how the market develops.
This is an even bolder prediction, but we believe that the altcoins market vs Bitcoin (ALT/BTC pairs) will find a bottom this week hitting new lows or next week. From here on the altcoins will grow for years to come.
Now, this is only a prediction and we don’t trade based on it, we treat each chart separately…
All of our trades have been fully updated. If any new or active trade moved down below stop-loss, we have to wait after the week closes before deciding to close or keep our trade. We use manual stop-loss.
Patience is key. As a new low can be hit but a massive bounce can follow just after a few weeks.
We can see big wicks down and up, but the candle close is what decides the way we choose to go.
It doesn’t really matter, in a way, how far down the price of a pair can go, what is important is to have a plan and know that the bear market has reached its goal.
Bitcoin moves first… We saw Bitcoin grow massively while the altcoins suffered the most.
When Bitcoin takes its first break, reaches a peak or retraces for long; the bottom will be in for the altcoins (vs Bitcoin ) and we start the Alternative Cryptocurrency Market Bull Run.
Thanks a lot for reading.
This is not financial advice.
All the information here is shared for learning and entertainment purposes only.
It is quite different to predict a price movement, compared to trading... Predicting is useless in our opinion, we rather analysis and trade based on what is happening.
So we look at the chart and see the different potential scenarios and prepare and trade based on which one takes place... But, it is also fun to predict and speculate...
Hoping you enjoy...
This is Alan Masters...
We might get the wrong idea when we think about the future.
We might get lost... We are taught to cherish the present, live in the present, be in the moment... Yes! That's where we are.
But how to change?
How to experience the life that you want if you can't focus on what comes next?
How can I change my future, if I can't see what will happen for all of us?
I am asked to start visualizing by feeling, but the feeling that I am looking for isn't in the present, so the future again is already lost.
What's going on?
Focus on the present!
You are already in the future, your future...
Because the FUTURE IS GROWTH.
We hit our first target today for up to 29% profits...
We believe it will be reached soon and after there will be a retrace and a new altcoins season will start.
Thanks a lot for all the support, truly appreciated.
We also ended with a higher low on this time frame.
We have a full bearish candlestick on the daily, so the close today will be important... Yet, BTCUSD remains above EMA10, which is bullish, on the daily (1D) scale.
Here is the chart:
Thanks for reading.