BITCOIN TOPPED OUT?! TRADER EXPLAINS! Price Predictions and Technical Analysis on Crypto

CRYPTO MARKETS TODAY:
Bitcoin completely recovered back into the triangle we were previously in! However, with our new lower low, btc price action has created a huge channel with a large measure move. When this channel breaks, there will either be a massive pump to 40k or a major dump back down to 30k.

ALTCOIN UPDATE:
Altcoins have been struggling to recover as well as bitcoin did yesterday. This means that when bitcoin dumps, alts could experience new local lows over the coming weeks. There arae a few alts that are still holding out nicely but most of the market is in a very bad state in comparison to bitcoin. My Alt shortlist is currently SOL, MATIC, TFUEL, TEL and ADA. I won’t be buying these alts yet but will be looking to accumulate them as bitcoin finds a bottom.

Ask me anything, I trade for a living!
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BITCOIN TOPPED OUT?! TRADER EXPLAINS! Price Predictions and Technical Analysis on Crypto

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Kane Dane