altcoins are showing good reversal sings, better than btc, xrp for example is breaking the 20 ema in 4h and has a nice bullish divergence, short term targets at the chart.
altcoins had a nice bounce, xlm closed the week good, I'm expecting more upside, xrp sort of sleeping still int he buy range but the weekly support keeps coming up so I don't see it lower than $0.282 and most likely to keep going higher from this level because is very oversold and divergent on the xrp/btc chart.
next buy signal for long term on btc should be given touching the 200 daily MA or very close to it, I sort of made a projection of this MA for the next month, I don't know when is the price going to reach this support but whenever it does will be a buy signal. the longer it takes the less it will drop.
expecting small bounce on btc to $11.400/$11.500, but have the same bearish view overall. Im more bullish on altcoins, XRP and Stellar are looking way better than btc.
$10.800/$10.600 same support zone... right now is looking really good for a quick bounce up
for a quick super safe scalp a long from $10.650 the target is $10.850, but i expect higher prices after, next target will be $11.200 and maximum high i think $11.400/11.500.
Btc update: bounce from $10.600 only reached $10.680 not good, right now showing potencial more downside to $10.200/$10.270 before a bounce
Bitcoin Wizard
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Best buy zone when it reaches support closer to the 200 daily ma, seems like that will be in September, for now the price action is neutral-bearish and will eventually turn more bearish.
Neutral-bearish means the price is trending down slowly and will eventually gain downward, it does not favor Bitcoin longs at all, bounces are weak, despite we could still see quick up moves to $10.900 they are just corecctions and that doesn't mean something has changed.
Last signal I will send, weekly chart: the 20 ema is at $8700/$8900, look how it acted as support in the previous bull run, check the Rsi almost reaching support, so final correction very very likely to be at $8700/$8900 good buy zone for long term.
My friends Ryan and (Alex) have a nice channel, they share good bitcoin and altcoins signals, here is the link of the channel @ryanscharts