Not much to really say here but more sideway actions
Right now altcoins are the talk of the month, especially with Binance and Bittrex listing
I really do see bears stepping in eventually and taking back more control
We keep hitting multiple RESISTANCE points ($6500, $6800) and keep getting rejects
Watch for:
- Major resistance at $6800 has only been broken like once due the Tether FUD
- Support is still around $6200
- Candles have closed below the Bollinger Bands for the past week
- RSI is still below 50 confirming we arent ready to go higher
Action steps:
- Focus on alts and hedge into Fiat or a stable coin
- Until we break and CLOSE above $6800, i won't be longing BTC
- Until we break $6200 and close, I wont be shortening BTC
Right now altcoins are the talk of the month, especially with Binance and Bittrex listing
I really do see bears stepping in eventually and taking back more control
We keep hitting multiple RESISTANCE points ($6500, $6800) and keep getting rejects
Watch for:
- Major resistance at $6800 has only been broken like once due the Tether FUD
- Support is still around $6200
- Candles have closed below the Bollinger Bands for the past week
- RSI is still below 50 confirming we arent ready to go higher
Action steps:
- Focus on alts and hedge into Fiat or a stable coin
- Until we break and CLOSE above $6800, i won't be longing BTC
- Until we break $6200 and close, I wont be shortening BTC