we saw quite a dump last week after the downtrend was confirmed, but i'm definitely not ready to back down on my blow-off top prediction.
here's what i think a bullish response might look like. if i were swing-trading BTC against the dollar, i'd be looking at these 3 targets:
(1) retest of the downtrend line
(2) retest of the bull trendline
(3) local buying pressure top in the $80-85k range
ETH and a few other altcoins have held up very well against bitcoin during this dump, which for me is a positive signal, and further validation of my decision to hold more ETH than BTC for the foreseeable future:
here's what i think a bullish response might look like. if i were swing-trading BTC against the dollar, i'd be looking at these 3 targets:
(1) retest of the downtrend line
(2) retest of the bull trendline
(3) local buying pressure top in the $80-85k range
ETH and a few other altcoins have held up very well against bitcoin during this dump, which for me is a positive signal, and further validation of my decision to hold more ETH than BTC for the foreseeable future:
Commento:
bulls in control at the midpoint, looking ready to retest the downtrend. if price breaks above the trendline, this idea is still valid.
