Hi guys! These volatile times are really exciting but as I mentioned many times before, we are very likely not out of the worst in cryptocurrency market. Short term is currently sitting slightly above 5K and I expect this rally will end at major resistance 5800 after some flash correction to 4800 4900 levels.
Despite overall euphoria and positivism in the market, I apologize but I remain still as long term market is technically still as well. My subjective analysis see something like structure in long term (I expanded it due to current rally).
I see 2 potential targets of capitulation here – 3K and 1200, nothing between (no support here).
If we see sub 3K levels, it will be VERY quick and will return to 3K levels almost instantly. And no, wi will not go above 6k soon, sorry! But like this is huge trading and buy&hold opportunity. 🙂
Take care!
-DP-
Published at Sat, 13 Apr 2019 14:13:19 +0000
