I think were still heading down before we start the next cycle up. Yellow and red are marked support levels where i think the channel will reverse to the upside.
- Yellow being the more ideal area but we could touch the red for a double bottom.
- MACD, RSI and Volume are all turning down, which is why i feel we still have some room to descend.
- i think we will start seeing real upward progression around the march time frame when Bitcoin starts to get really bullish again. Most Alts in my opinion are waiting for Bitcoin to make the first move
- Yellow being the more ideal area but we could touch the red for a double bottom.
- MACD, RSI and Volume are all turning down, which is why i feel we still have some room to descend.
- i think we will start seeing real upward progression around the march time frame when Bitcoin starts to get really bullish again. Most Alts in my opinion are waiting for Bitcoin to make the first move