BTC has been trending downward for a couple of months. After reaching its all time high in December, it has slowly declined. Up to this point, BTC has had immense selling pressure, but this is starting to run out. We are nearing the support that comes from 5k and BTC bounced off every time since then. Unless sell pressure starts to sharply increase we should not...
Making lower highs and higher lows. This pattern ends near the end of July. However, BTC actually getting to the end of the chart is unlikely. I'll short any good bounce we get at 8200-8300 levels.
ICX is at a strong psychological support but it could easily break if BTC decides to dump. If BTC goes up again, we bounce off this support for a triple bottom.
Possible Bull Flag on BTC we could either break out here or break out later the 250mil tethers being printed helped this bounce. However, we are still in a bear market, and it is very possible that BTC still goes down to 6500s.
Looks like a breakout could happen soon. Most of the movements happening right now are dependent on BTC. Enter here at ~168 and have tight stop loss at ~162.
Lunyr just broke out of a great downtrend, and is on its way down, but will come up quickly as this would probably be a short retrace if it happens at all. Accumulate in lower levels, don't buy high.
