Long

Just HODL

Updated

We all want a bull run right? If we can manage the completion of the right shoulder, this huge inverse head and shoulders is going to lead us to a nice run-up.

Also with fundamentals looking stronger than ever and increasing mainstream presence there is no reason for BTC to keep dipping.

HODL~

Note

It looks like there BTC has bounced off the .62 retracement level at 9600 from our median line at 10150. This could mean full completion of the right shoulder if we do not dip back lower. A lower dip may find support at 8800 which is the absolute lowest BTC should go if it is still following this inverse head and shoulders pattern.

Aside from technicals: ETH has been seeing higher lows and starting to look bullish. It seems that the price action of ETH has been leading BTC around in the last few weeks. ETHBTC has been going up, signaling a reversal of the previous trend.

Also, alts have fully bottomed out. I have hedged against BTC downturns by going into alts since dollar value of many alt market caps are not going lower. If dollar value is not decreasing but BTC dips, that means the alt/btc pair is going up.

Let me reiterate that again: we are at a market bottom where good alt/btc pairs cannot dip anymore! This is a sign of the impending bull run, as many will realize this is the time to buy back into alts, and that BTC will not get any cheaper.

sadture

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