Did you see our last video on BTC correction? We called a bigger correction, and here it is!
For this week we don’t see big dumps coming, thanks to the general bullish sentiment that is still in the market (see bitmex funding..)
We will have an important signal in two days when we have to get out this horrible descending triangle, hoping that it will be an upper breakout.
If this breaks to the downside, it’s really likely a test of the 8000$ area, but I’d most likely bet to an upper break and a consolidation for a couple of weeks in this area.
Money in that case, could flow to the altcoins that are, literally, dying, with respect to bitcoin .
What do you think?