In my previous analysis, I mentioned how technical indicators such as bitcoin . The market was overwhelming green lights above gold And silver And DXY Most digital currencies. It’s safe to say that the markets are expected to take a breather soon and now may be a good time to make those gains as the biggest question of all remains: Was this one big bull trap as the longs were soon held. Down, or bottom in and this is the beginning of a new one bicycle?
This remains to be seen and I expect more clarity on this with the next pullback (which is healthy and common). As we pull back, it remains to be seen if the bulls can hold and defend $20k. If we can close above $20,000 and not lower, you might consider buying there if it gets delayed and misses the rally.
I think the market will see a lot of itThis week, so remember to pre-select those orders!
For those who have been following for a while, all the altcoins on our watchlist have been rounded up. Remember to secure some winnings!
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