I've been monitoring sentiment data and concluded that the rallies I see in altcoins might have to do with the fact that the recent drop in 
BTCUSD might only be a shake out before seeing higher prices, since people freaked out rather quickly after the drop. If we were seeing a top, they would remain calm and complacent, and count their profits in advance, when they reach their ridiculous targets.
BCH is being accumulated and now ready to move up once more. Risk/reward in it is far superior and I like it as a contrarian play. Until I get a good enough signal to buy BTC, I'll remain flat, and involved in other coins instead. If my analysis is correct and 
BCHUSD doesn't fail to rally, it would easily outperform BTCUSD during the next leg up, even if BTCUSD lands on the top target at 23305.1 by year end or earlier.
After the year ends, odds of a correction or consolidation of large scale become huge, so, I'd reccomend being cautious, probably good to take some money out of crypto by then.
Cheers,
Ivan Labrie.
BTCUSD might only be a shake out before seeing higher prices, since people freaked out rather quickly after the drop. If we were seeing a top, they would remain calm and complacent, and count their profits in advance, when they reach their ridiculous targets.BCH is being accumulated and now ready to move up once more. Risk/reward in it is far superior and I like it as a contrarian play. Until I get a good enough signal to buy BTC, I'll remain flat, and involved in other coins instead. If my analysis is correct and BCHUSD doesn't fail to rally, it would easily outperform BTCUSD during the next leg up, even if BTCUSD lands on the top target at 23305.1 by year end or earlier.After the year ends, odds of a correction or consolidation of large scale become huge, so, I'd reccomend being cautious, probably good to take some money out of crypto by then.
Cheers,
Ivan Labrie.
Note
Moving as expected here. Anticipating sideways action until the CME futures launch, then up one last time.Note
Daily signals in BTCUSD extend possible upside targets, but odds are slimmer. Overall, I envision the top at 25k+- Note
Looks like both hit my targets and topped:
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.