LTCBTC broke down from bear flag, to 5300 mBTC
LTCBTC was rejected by the 200 ema on the 4hrs and broke support of its bear flag. Bear flag target is 5300 mBTC.
5300 mBTC is special because it is a support point of singular immense wick on the 5th of December 2017, see older idea,, it will also complete a perfect bullish shark that started in January..
I was hoping that price action will stay within the channel for longer or might even break up, but it was not a channel it was simply a bear flag.
All cryptos will dump because BTC dominance dropping as well alt crypto cap, which means money is moving out of all crypto and since the Alt BTC pairs are dumping, money is moving out of Alts faster than BTC.
No Alts season in the near future, not until BTC bottoms.
5300 mBTC is special because it is a support point of singular immense wick on the 5th of December 2017, see older idea,, it will also complete a perfect bullish shark that started in January..
I was hoping that price action will stay within the channel for longer or might even break up, but it was not a channel it was simply a bear flag.
All cryptos will dump because BTC dominance dropping as well alt crypto cap, which means money is moving out of all crypto and since the Alt BTC pairs are dumping, money is moving out of Alts faster than BTC.
No Alts season in the near future, not until BTC bottoms.
