This is looking sexy right now, and although it might fake out Bitcoin is the king and has been quiet compared to some lesser altcoins which i believe are going to feel the wrath sooner or later. i saw people in the chat longing for USD altcoin pairings, i feel they are missing the point and this will get them burnt when they see satoshis sliding off their screen like a slot machine on steriods, but hey - they may carry on regardless.
C+H Possibility here with multiple crossovers on smaller TF signalling a change of trend to the upside. i see fractals ... however Three red daily candles would suggest a change in trend if you read basic candlestick analysis however something smells fishy here and too many people are calling for lowball figures in a matter of hours suggesting they have sold and provided the liquidity to MMs to continue the campaign without further markdown.
C+H Possibility here with multiple crossovers on smaller TF signalling a change of trend to the upside. i see fractals ... however Three red daily candles would suggest a change in trend if you read basic candlestick analysis however something smells fishy here and too many people are calling for lowball figures in a matter of hours suggesting they have sold and provided the liquidity to MMs to continue the campaign without further markdown.
Trade active:
Trend tightening up in this zone, could be ripe for a reversal but have taken profits into the fomo before others catch on. Not quite time to open a full long position here, we have only dropped 25% from the swing high.
Comment:
Back on the 60 minute chart and consolidation has been found in this zone however strong resistance is still present. RSI also looking weak:
Trade active:
opened long here
Comment:
btc dropped a little more but positive div found on smaller time frames suitable for a swing trade
Comment:
Coincidental or what the failing 2018 support line is also this charts gann resistance: