Wedge Breakout Imminent.
I'm hoping that Bitcoin can't break resistance and this turns into panic-sell down to 7500. It's guaranteed to break out one way or another in a day and a half. I'm going to have to rethink my strategy if Bitcoin breaks above $8500 anytime soon. I'm also going to be worried if Litecoin breaks above $60.
Litecoin
Honestly this is looking a bit scary, like Litecoin is completely bottomed out and just waiting to ramp up. I'm definitely watching it quite closely.
Recap of the plan:
- Wait for Bitcoin to drop to 7.5k.
- Try to buy Litecoin at this level (hoping for $46)
IMO there is not nearly enough bearish support to even make it close to the $6000 level. I feel like the bears have one push left and that's about all that's going to deflate.
Between the legacy economy bubbling, Bitcoin/Litecoin halvings, Bakkt, traditional winter bull runs, and everything else, I think a lot of HODLers are becoming afraid to sell at this level.
#downvote this garbage.
Speculation garbage!
I’m watching it a few times a day as well. Looking to see what these coins are doing so I can take my gamble before it’s too late. (Or too early, hopefully not lol)
I just saw this video by @crypto-daily https://steemit.com/threespeak/@crypto-daily/jzdwsxgp Who should I trust?
He's basically saying the same thing I am. We expect to see big moves in either direction within 1.5 days.
It would be nice to make it to $6k again, but Im thinking youre right. Too many people are probably looking to buy at that level. I wouldn't be suprised if it broke down to around 7 or a little lower and then bounce.
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