BTC has low volume and alt coins bounced back faster. BTC will likely shoot up when this downturn is over. The sharks are still feeding off the carcass of new traders down here below the Ichimoku cloud resistance. If you believe that market makers manipulate the stock for the benefit of the large buyers to accumulate at lower prices then this is a false move up. It is a Holiday in much of the market. If this was a planned drop, as some believe then it is not over yet. It should have one or two drops left to really wipe out small investors. When it ends it will likely be a very very strong buying spree and race up. If corporate interest are going to buy more they will likely do it later in the month of June. Once that happens then they all will be buying until it hits about 55k. Follow the Fibonacci levels if you want to take profits on the way up and play the retracements. But it is likely BTC will lead the way up and not the Alts, ADA may be close with ONE and Matic. Be careful of this 37,000 level. Its likely a good short spot if you are game to make profits on the next leg down. Remember Lucie and the football - if you are waking up and going long here you may be Charlie Brown. For non believers watch Ryan Matta on youtube , he's been through this before and has been pretty close so far. The Ichimoku on the 4 hour has to be cleared for one candle before it is safe to let Lucie hold the football again. When you see solid red on the Smart MCDX then you know the big buyers are back. Little pulses of red are the market makers moving the market to harvest small shorts and longs. When you see all green market makers stopped buying to drop price into a range for a trading day. Good luck everyone, patience is hard here.
