BTC has held above $3500 as patterns indicated, but we?re far from seeing “bullish follow through? ? yet?
All the bullish patterns we?ve shown over the last week are still in tact and now we?re seeing some big moves in the altcoin market with relatively high volume. REP is especially noteworthy as it?s #38 market cap so not all that small and has historically moved with ETH. Also, all 3 of the altcoins shown in charts have similar patterns to BTC and ETH ? are they a leading indicator for the crypto market?
We should know the answer to that soon. Meanwhile, the good news is there are still many SAFE trades to consider with a trading edge for bulls. However, still NOT a time to load up and probably best to use more conservative stops.
See charts below for examples (along with BTC?s chart from 2 days ago as the set up is the same).
