cryptowaveman

Bitcoin - 38k bounce. alt takeover?

Long
BITSTAMP:BTCUSD   Bitcoin
If we see a breakthrough the 38k and fail looking for around 36k for another possible low to form with a quick stop ~35k.could be a potential buy with quick stop 38k. only thing that has me slightly hesitant is that I see a 1:1 ratio in micro off the 38.2k which indicates corrective move.
Otherwise, playing strength, which is usually the better move, we wait to we see a over the 39.7k area.
Projecting off this assumed low we get to top of 43k at .764 so will see if we get that pop over 42k or another correction then pop once we break that

bitcoin dominance has double top in micro watching right now. potential turning point for the alts to take over

not financial advice

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