We have seen some resistance while running for the adventure Line.
I imagine those are sells from hodlers from the previous season finally being able to break even.
I don't blame them, maybe they want to get into some other coins this season.
Anyway, Litecoin is set for new heights. Inverse Vix has shown a buy signal.
Just hodl on, don't add to the sells. Make...
Wedges and Fib Channels have shown themselves to be some of the more useful charting tools this season.
The modified channel levels are the Just-Intonation-approximated quarter, half, and three-quarter levels, as well as 2 extension levels.
If the meta stays like this for the time being, I see us having a possibility of a third wave upward in the long term...
What if: BTC didn't break out and is currently below the extended support line of the pennant, trying to break to the bullish side.
BTC to ETH 24h volume ratio is also close to 2:1 right now, so ethereum has kept quite some liquidity, relative to Bitcoin, which could explain why it's still trying to break out from the pennant (following Bitcoin's fake out)