I wrote this a few days ago and posted the chart below.
Well, we are back at another buy level for a bounce, and now I am waiting on an entry.
Bitcoin has proven that it is still the leader in the field, and whatever it decides to do, the Altcoins will follow. And of course as it happens, many of the other coins are also at buy areas. Now we just need the entry signal!
This entry would be for a short term bounce, as I still want the markets lower overall.
We are currently getting that bounce I wrote about, so what next? Well this is what I see.
As I keep saying, I only need to chart the BTCUSD as the altcoins will follow.
Disclaimer
I am not responsible for any losses you may incur as a result of acting on any of the content contained in this article. I make no recommendations to buy or sell, and this post is purely for information and education purposes. Opinions expressed here are my own, and you should seek advice from a financial adviser.