not financial advice. pure guess on ewts and fibs. scenario 1 - retrace to .236 or .38, scenario 2 - retrace to .5 (will take 2 weeks to complete). 4h rsi still has room to fall (quick) or grind (slow)
FA: only reason im bullish is because btc futures can be traded by institutions. otherwise we'd have instant bear year
if btc flies, alts die. if btc dies, alts fly. either win. trade safely
FA: only reason im bullish is because btc futures can be traded by institutions. otherwise we'd have instant bear year
if btc flies, alts die. if btc dies, alts fly. either win. trade safely
Comment:
chart failed. by end of february heavy manipulators came into market, pumped price, dumped, pumped and dumped. longer TF charts will be tough now because there are no retail buyers of bitcoin and only traders left that trying to outrun each other while market is being manipulated. if you trade on bitmex, watch gdax and bitfinex activity which mostly controls price, bitmex just fullows with its "marker" doing the liquidations.