👀 Meanwhile, Bitcoin Dominance is forming a local bearish flag

My mood on Ethereum is bullish, I hold a LONG position, still not a big one, ready to average if we dive lower to $4100.

As long as $ETH is staying above the $4000 - $4100 support, the up-trend remains valid. Ethereum is strong and even in case of Bitcoin dump, I don't think it will lose key support levels.

Altcoins also want some correction, not big though. There was formed a Head & Shoulders pattern, currently chart broke through the neckline.

There is an ultimate support of $1T that must help Altcoins staying strong. You can place bids on your favorite altcoins 3% - 5% lower current price just in case of shadow below.

✍️ Here are important trend lines on Bitcoin you can add on your chart to monitor the price action.

Sadly, the $117,000 support level was broken downwards and now the price is heading towards $110,000 - $111,000 support zone.

We are still in the up-trend though, as long as $110,000 support holds us. I expect to see a strong reaction on the $111,000 support level (drew it on the chart).

So, there are two options to turn LONG here: either from the bounce from $110,000 support or from the $118,500 resistance breakout.

Correction is taking place now.

🏁 $EPIC reached the first target, printed +10% profit fast, more on the way

❗️Buying some $EPIC here for a short-term trade

Why? Because of the PPI data rose to 3.3% — higher than expected. Typically, this news would not trigger such a massive sell-off.

However, people had grown accustomed to the bullish market and opened a ton of LONG positions with high leverage. As the result, a massive cascade of liquidations occured and drove the dump crazy.

I was expecting a correction to happen much earlier, it saved my ass.

❗️TALKING ABOUT FURTHER POSSIBILITIES: The next few days will determine the future of this bull cycle (at least for the next 1-2 months). Bitcoin is now back inside the $116,500 - $119,500 consolidation range.

If we see some strong positive movements on Altcoins & Bitcoin this week, it will show that the real demand (whales & funds) are interested in pushing the price higher. However, if Altcoins & Bitcoin are weak, then most likely the TOP of this cycle was marked at $124,000.

📉 Correction appeared! Bitcoin dumped hard from $122,000 to $117,600 in 3 hours!

More than $420,000,000 were liquidated in the past 20 minutes only! Sadly, I know that these numbers are lower than reality.