due to extensive consolidation in the range of 10% - 25%
We select two zones
•Triangle exit + retest
•Demand zone
We are not too positive until we get confirmation in the current zone as the altcoins market has some turbulence to prove itself. Supply and demand alone is not crucial in this case when bitcoin rules the market. We don't want to go into details but we have objections that this market is not simply supply and demand. Therefore the price will not always work in terms of technical analysis
Follow us for more updates about Ontology
We select two zones
•Triangle exit + retest
•Demand zone
We are not too positive until we get confirmation in the current zone as the altcoins market has some turbulence to prove itself. Supply and demand alone is not crucial in this case when bitcoin rules the market. We don't want to go into details but we have objections that this market is not simply supply and demand. Therefore the price will not always work in terms of technical analysis
Follow us for more updates about Ontology
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Massive shake-out
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