A timeline from previous major impulse and corrective movement from the past do repeat itself. In present, most indicator is already flashing a buy signal due to Stoch RSI, RSI, macd is oversold. keep in mind while there's most indicator is support unto upside movement.. there's always a possibility continuation might continue due to btc dominance level or beyond technical analysis(pump&dump for example)
similar pattern followed in febuary 2017 before major impulse movement
december 2017
August 2018
while there's still a plenty time to go before the predicted time of major impulse movement.. around 2 months from the time i write this.. sideway or we will see what happen.. in the end, This is just Hypothetical. please feel free to share what your thinking... peace.
in my opinion assume altcoin lose value due to btc continue to rally/btc dominance rising.. i expect a lower price around 4200 satoshi as a last support.. if fail to maintain it's support i pressume a hard dump in satoshi price..
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hypothetical bullish divergence in the future that might happen with MACD and RSI...
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+red line : self draw line for hypothetical bullish divergence.. if in the future didnt look that way.. ignore this and previous comment..
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crazy wick on polo.. what is it??
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Bullish divergence in 1 day chart... but we will see what happen next...