Giant waves and choppy seas ahead! Batten down the hatches!

27 Jul 2020

As I stated in my last post, I hope everyone loaded up before we inevitably broke the downtrend (red line). So where do we go from here? Well, in the big picture, I fully expect BTC to continue this wave dragging the altcoins in its wake exhausting slightly above the previous ath right around 20k (1.618 -blue circle) at the end of 2020. This being said, we will most likely see some chop around 11-12k (black circle) and 16-18k (yellow circle), so if you're playing the large swings like me, watch for a reversal around these areas. Good luck and please like and follow if you enjoyed this hydrographic survey of the Bitcoin high seas