As you can see, this line could become potential support. Experienced Traders know that support can turn into resistance and vice-versa. This line was support and resistance few times so this could become support. But for that, we need volume expansion and next volume stick must be green for that. Let's see what will happen in next few hours, this is chance for BTC to start uptrend again to try cross resistance one more time. ALTs are not going up and it is one more reason why BTC can start an uptrend. I will keep you updated
You must know that I am not analyzing BTC to buy BTC or sell but to see what ALTs can do. I am not selling BTC into cash, I am just trying to grow it with trading. Someone will say but you can grow it by selling and buying cheaper but who will guarantee that BCS will go down? What about those who sold BTC at $2000? Hmm, it is very hard to catch the best time to sell BTC because it has potential to go up, up and up and we should only think how to grow it not when to change into cash.
Also, important thing is that crypto is not your only income source. If your life depends on crypto it is not good, because you will be emotionally able and it is not good for you. You have to be emotionally very strong to be a good trader! More about this will be in my course but I want to warn you on time. Crypto should be one of your income sources but not the only one! Crypto is in its early stages and really expansion should happen in future that's why I am growing and holding BTC because big names like McAfee are saying that BTC will touch 1 million USD by 2020. I am not saying it will happen and I do not like most of his tweets but it could happen. Who knows, ok maybe it won't touch 1 mil but it can 100k$ so my goal is to grow BTC and I am not even thinking to change into cash. Of course, I am changing some BTC but it is few hundreds of dollares per month just if I need for me or my family. Someone would buy nice car or house but in 2-3 years you could buy 5 cars for that amount of BTC and you would have enough money to buy houses and give to charity too ( this is one of my goals in future too to help people who have problems in their lives ).
So, my opinion is that BTC holders never lose and if you are able to grow it then you will be able to make much more profit.
Good luck to all of us, I am going to continue to answer your questions. I will update BTC chart again later.
Please feel free ask questions and share suggestions and knowledge. Keep Upvoting For Support.