LPTBTC is showing several signals that points towards a reversal.
First, we have the low set on the 7-May session.
The 13-May session ends up as an inverted hammer with a low higher than the 7-May session.
Volume is now rising as LPTBTC moves above EMA10.
This is all supported by low volume on the drop and a bullish divergence with the RSI.
All these signals support a move up.
Can be 50%, 70%, 120% or more.
Invalidation isn't likely but can happen...
There is no going back now, the ALTSBTC pairs will grow while Bitcoin consolidation before its next move up.
When all these Altcoins grow 2-5X, the correction will push Bitcoin to the next resistance above 30K.
The money now flowing to the Altcoins will flow back to Bitcoin when the ALTSBTC correction takes place.
Namaste.