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ANALYSIS #BTC 14/3: THIS IS STILL NOT THE BOTTOM
Both BTC and Altcoin are still not at the bottom!
BTC is currently trading around 82k showing slight recovery signs but has not broken the main downtrend yet. In common terms, it's called a chess range. During this period, BTC will only fluctuate around 826-83 before turning back again; this turning point will be the FINAL liquidation phase of the market, everyone. BTC will test the bottom again at 75-78k.
Regarding Altcoin
As I have indicated before, Dom will have to retest the candle wick on 3/2 one more time, so in this phase, if BTC decreases, altcoin may correct an additional 20-25%.
Both BTC and Altcoin are still not at the bottom!
BTC is currently trading around 82k showing slight recovery signs but has not broken the main downtrend yet. In common terms, it's called a chess range. During this period, BTC will only fluctuate around 826-83 before turning back again; this turning point will be the FINAL liquidation phase of the market, everyone. BTC will test the bottom again at 75-78k.
Regarding Altcoin
As I have indicated before, Dom will have to retest the candle wick on 3/2 one more time, so in this phase, if BTC decreases, altcoin may correct an additional 20-25%.
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