Some basic long term observations and outcomes.
Retest at $6200 followed by a rally and break out above $7200.
As Described. BTC is consolidating now it's broken out of the down trend. This is where people accumulated bitcoin by trading alts. When bitcoin begins new uptrend alts get sold and bitcoin rallies.
Yellow circle = Target
If the ALTs split off from Bitcoin with ETH leading the way this is a very likely outcome short term. ETH log is also showing huge potential gains in ETH/BTC. Mid term projection COULD see ETH rampage as high as $14,000. Very rough chart, illustrating a general direction. ETH is on a very strong level that has been both resistance and support however even...
A great entry point in to THC. Huge potential upside. Use stop loss.
Bullish for Q4 and big bull run in 2019