- Slowly down to 55k then suddenly bounce up from 55k...
- I have shared the previous pattern as well, you can check it too...
There are few signs to notice a real reversal (Red line)
- Timing: After 15th... - Huge negative funding... - Alts suffer a liquidation cascade (15-20%) while BTC only drops 4-5%...
- Unfortunately there is still potential 5% dip BTC and 10-15% dip Alts left...
- close Buy Trades if you are into Future trading...
- Before BTC really does a real reversal in 60 days consolidation, Alts should suffer at least one more liquidation cascade. This is how I expect to Alts shorts to play...
- soon there will be Alts flush for Recent Short Setups...
- They are trapping us. But we are holding shorts...
- If you don't believe it, just wait and you will know by yourself...
BTC is down to $63500 and now the next support is at $62000...
BTC might dip to $58k or may be $55k before bouncing back... Right now BTC is at $63.5k... Things might get bullish after 30th April, when #ETF trading begins at Hong Kong...
For Spot Trading: If you have already bought any coins, then hold it for now, don't sell them in loss.. Market will bounce back... And if you are still thinking about the right time to jump in, then wait for the dip... Market is going to give you a chance...
For Future Trading: If you are new in Future trading, I will suggest you to avoid Future trading these days... But if you still want to do it, do it on your own risk... And don't forget to learn about risk management (i.e stop loss and booking profits at the right time...)
Note: I am not a financial advisor... These are just my personal analysis and some friendly advices to you guys, just to avoid liquidation, get out of #FOMO and to avoid panics...