Ualifi Araújo
--
Bullish
Today we saw an improvement in #BTC and in Altcoins, but we still haven't seen a major upward reversal because this BTC Dominance chart is still above 61.39%.
In the last posted chart, we were literally at this point.
There was a failed attempt to go above the orange range, around 62.28%, but we were quickly rejected and returned to 61.39%, we need to work below that tomorrow, then we will have a good week ahead.
Despite having the PMI data tomorrow morning, I still think we can continue to go to 60.37% on this chart and obviously continue to improve in the market overall, especially in Altcoins.
With this current pullback of BTC.D, we have seen ETH demonstrating incredible strength, and that's good, we just need ETH/BTC to start working above 0.03249 tomorrow, that will give us even more strength in the altcoins and those lagging behind should benefit the most.
Things still look very good, there is no reason for pessimism here, most charts are very good and ready for a broader recovery, we will do this.
The BEARS have been attacking prices with the help of endless pessimistic news, but still haven't achieved much, their difficulty in keeping the markets down tells us a lot about the local BOTTOM.
This week will be to fix the damage from the last drop, the next is to break these immediate resistances, definitely.
The thought remains the same:
Despite the Horsemen of the Apocalypse preaching CHAOS and PESSIMISM, I remain quite optimistic about prices... day after day the same people who called for lower are being left behind. Check the charts for yourself and take your action.
If you give up here, you will bitterly regret it in the coming months!
In the last posted chart, we were literally at this point.
There was a failed attempt to go above the orange range, around 62.28%, but we were quickly rejected and returned to 61.39%, we need to work below that tomorrow, then we will have a good week ahead.
Despite having the PMI data tomorrow morning, I still think we can continue to go to 60.37% on this chart and obviously continue to improve in the market overall, especially in Altcoins.
With this current pullback of BTC.D, we have seen ETH demonstrating incredible strength, and that's good, we just need ETH/BTC to start working above 0.03249 tomorrow, that will give us even more strength in the altcoins and those lagging behind should benefit the most.
Things still look very good, there is no reason for pessimism here, most charts are very good and ready for a broader recovery, we will do this.
The BEARS have been attacking prices with the help of endless pessimistic news, but still haven't achieved much, their difficulty in keeping the markets down tells us a lot about the local BOTTOM.
This week will be to fix the damage from the last drop, the next is to break these immediate resistances, definitely.
The thought remains the same:
Despite the Horsemen of the Apocalypse preaching CHAOS and PESSIMISM, I remain quite optimistic about prices... day after day the same people who called for lower are being left behind. Check the charts for yourself and take your action.
If you give up here, you will bitterly regret it in the coming months!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.