As mentioned in previous idea this is zone you should pay attention to The blue circle is important area to watch. If BTC .D will break it upwards then Alts will have maximum pain and will drop further down. I personally see the current BTC power to go towards 65% and then I´m expecting alts relief rallye . Feel free to share your opinions in comments below.
If you take a look at RSI and Stoch then you will see that we are really high and stoch is nearly about to have negative cross. Previously during similliar conditions BTC.D started to drop. As everyone thinks that altcoins are dead I think this is perfect zone for a reversal
Keep your eyes opened and be ready to be reactive.
ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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