This downward channel has been nasty for BTC. We're coming to a point where this downward channel meets the long-term support line that has held for 4 years. We breach the support and we can expect BTC to $5K, then possibly $3K, and maybe even lower. Fully annihilating all the gains for most alts from 2017 and resetting the entire market.
I'm not going to guess on this one. I'd love to see support line hold and to break out of the channel. However the market feels incredibly weak and we may see a real "crypto winter" that none of the crypto believers would ever want to see.
The 1W MACD looks bearish, but could also be prime for a turn-around. Time will tell. I'm partially in, holding some XRP and BTC, cautiously, however I'm completely agnostic at this point.
I'm not going to guess on this one. I'd love to see support line hold and to break out of the channel. However the market feels incredibly weak and we may see a real "crypto winter" that none of the crypto believers would ever want to see.
The 1W MACD looks bearish, but could also be prime for a turn-around. Time will tell. I'm partially in, holding some XRP and BTC, cautiously, however I'm completely agnostic at this point.