The wind has dropped, but the lull is unlikely to last much longer. This is a great chance to get into position.
ETH and XRP have finally joined BTC above their downtrends. We’re also starting to see some of the altcoins lead sentiment; which is a new development.
BTC is exhibiting dampening oscillations showing we’re nearing the end of a trading range. Meanwhile, the alts are also hinting at a bottom here.
Bitcoin’s rally has made good progress and the daily chart looks good – however volatility is high and short-term a pullback looks on the cards.
Bulls finally pushed bears out of the resistance/gap zone last night, triggering the start of a short squeeze. This may be just the start however.