Post
Topic
Board Altcoin Discussion
Re: BTC needs to taste 50k for altcoins to start performing big again
by
Mpamaegbu
on 08/04/2022, 16:02:29 UTC
A bear market is coming and some YouTubers are already saying a 4000$ ETH is in progress, at this point
Nope, I don't think we are heading into a bear tunnel. If anything, we just got off it in this first quarters. This second quarters should be on a positive for Bitcoin. Now, even look at it this way. If YouTubers are already foreseeing ETH to hit $4000, then it must be to the effect that a bull season is in expectation.

Price right now breaks at $43k but I think it looks like a bullish wedge and I think it is in bullish divergence I think the price could do another lower low pattern before it would break the wedge. This is what I see in 15 mins time frame. I will only scalp with BTC I am still unsure if  it could reach or break $50k at the end of this month.
Sincerely, I hope you're scalping upward because any dip now may be a bear trap. Besides, I don't think 15 minutes TF is enough to dictate trend it its change.