Triasshort
TRIAS price prediction 0.7-0.8 june 22nd to mid julyright now trias is making a series of lower highs and lower lows, this makes the general bias a downtrend,
you may ask for how long and how I came to the figures 0.7-0.8.
First, 0.7-0.8 came for simple TA and a combination of what is going on with bitcoin, this is a range we must hit or get close to in order to solidify a bottom.
IMPORTANT:
Secondly, right now bitcoin is looking to set in it's bottom. once bitcoin finds a bottom people will start to buy in and btc.d will rise (more money goes into BTC compared to alts), during this time alts will begin to truly crash as money comes out of them, this could be a few weeks or months depending on the coin, alts will find their bottoms after bitcoin and then once their bottoms are in and dust starts to settle, btc.d will begin to lower again but this time and uptrend.
For these reasons I believe TRIAS will start to drop hard even after bitcoin finds a bottom, which looks likely within the month or start of July. I also believe TRIAS will bottom 0.8 or just below, I believe this will happen mid-late July, reasons provided above regarding btc.d.
Thank you for taking the time to read, leave any comments and I will be happy to respond and even have friendly discussion.
EDIT: SEE LINKED RELATED POST WHICH EXPLAINS BITCOIN DOMINANCE SPECIFICALLY, THAT WILL HELP UNDERSTAND WHY TRIAS WILL BOTTOM AFTER AND HARDER THAN BITCOIN
trias price prediction may 22 - june 2this is the 2 scenarios I see happening with trias over the next week.
please not this ultimatly depends on bitcoin but I see it doing something similar, bitcoin will just change the timing and will determine how extreme this will be, although I feel my analysis will be around that level.
this is my first published attempt at my own analysis so mainly posting just to see how this plays out.
If im doing it wrong or a way I can do it better, please let me know in the comments to I can work on it.
trias price patternI DO NOT KNOW ANY SORT OF ANALYSIS, I JUST DREW THIS TRIANGLE A COUPLE DAYS AGO AND IT HAPPANS TO BE FOLLOWING IT PERFECTLY.
i have no idea how this will play out, the idea of capitulation is being thrown around with the fomc announcement tomorrow / in may so downside like this is possible, but saying that i think it will be quick and we will see new high after this, either after may or sometime after July.
please do not follow this chart, i just drew the triangle and it has followed so im only posted so i can see if it played out or not.
Trias price prediction APRIL 24 - MAY 9loose trias price prediction.
keep in mind this can sway higher or a lot lower depending on bitcoin.
loosely based off time, more dependent on the level.
ALL CREDIT TO CRYPTOJULES VIA TWITTER, THIS IS NOT MY ANALYSIS, JUST SPREADING HIS WORD.
