Each time a resistance is challenged it becomes weaker, but if it doesn't break price action will retrace in order to gain momentum and try again.
So 9 times after the November 2018 drop the EMA200 resistance couldn't break, with the last attempt happening this weak.
Looking at this, the and low ; Bitcoin is setting itself up for a retrace, that's why we have open a short trade.
You can see it here (90%+ Potential ROE):
Conditions for change: If EMA200 (orange line) can be broken with good and strength, then you can expect a strong move up. Anything below EMA200 can translate into bearish-sideways action or the drop that is about to come.
Altcoins Market Update
The altcoins are super , now small cap. and big cap. alts as well. For these to move Bitcoin must drop , and they are already moving.
The thing is that there isn't enough new money entering the market, most of the orders are placed by robots (bots) owned by exchanges and miners. So in orders for them to pump the altcoins market up, they need to sell Bitcoin to use the funds to buy altcoins.
Since we know this, this is a great time to load up on our favorite altcoins and profit on the way up. REMEMBER TO ALWAYS SECURE PROFITS BY SELLING ON TARGET.
Please allow me to share the following articles for your learning and entertainment, perhaps you want to support me by hitting like now...
Top 5 Altcoins To Profit From In April 2019
TOP 10 Strong Altcoins 4 LongTerm Potential @alanmasters
S&P 500 Index CRASH (The Drop Starts)
Remember to hit like.
Thanks a lot for reading.
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