I don't believe the correction is over yet.
I believe we are having an impulse within the correction.
An impulse that will push above the february 20th high of $11,788 before it will correct down below the $6000 low of february 6th.
I agree with Marc de Mesel. People are still way too optimistic. I've been hearing about the start of a new massive bull run.
This impulse in which some coins have doubled or even tripled has given many a new hope, but I don't share their hope.
There hasn't been much soul crushing pessimism from the space, so it seems to me that the overall market is in the "Denial" stage at the moment.
I know it's a revolution and that all the projects that are being build are promising, but be honest, how many times have you paid for something with a cryptocurrency or used a dapp in your daily life?
Long term I see massive upside, but to complete this correction, I believe we will see a sub $6000 low.
Of course I could be wrong.
Joël
To find out why this is what I see in the charts, check out Anil Mangal's Youtube channel.
DISCLAIMER
The information in this post is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this post is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information in this post and provided from or through this post is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this post without undertaking independent due diligence and consultation with a professional broker or financial advisory. You understand that you are using any and all Information available in this post at your own risk.
RISK STATEMENT
The trading of bitcoin or alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
Cryptocurrency trading/investing involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment.
All trading strategies are used at your own risk.