yes, but the market hasnt moved and it is about the same on the rest, just stayed there cause of the indicators I have already placed
No worries man haha thought you was looking at it like why isn’t it moving
yes @Clarky663 and also note the distance from low to top wick in your green box, it is aprox 63%, which is about the same right now if BTC decides to move up from its current position … a nice bull trap could be formed once again.
Just using the bouncing ball/rubber band logic, the drop this time was more severe so the percentage rise could well be slightly higher than just 63%
I have been using CMC volume data as it captures the aggregate of all the exchanges. I see anything above $5B daily to be pretty healthy for these price levels.
Putting together the current snapshot of market price action and fundamental blockchain indicators here’s my most feasible scenario for the coming year. Not a map for trading, but should help long term HODLers judge when and at what price levels to enter.
Be aware the above scenario is contingent on a bounce upwards to test low 5000s. Currently the short term price action is consolidating into a wedge with hidden accumulation (according to the OBV indicator), this suggest there is more probability of an up move from here.
This thread has turned into a “what triangle can you see today”
Edit :Wankers for the triangle shaped shit below
volume and sentiment, thats all you need at this stage to see this asset cant hold its pants up
No doubt. And one of those triangles will prove TA works, right?
A broken clock is right twice a day so they say
I opened up a short yesterday so I’m pretty good for now
Reason being we failed to break that upper resistance.
I’m happy to just watch it bounce off the moving averages. Not much in terms of it going up just yet, needs some volume.
Hopefully next stop the 89EMA
If LTC breaks $42 it will see $47 pretty fast before a pull back, and if LTC breaks first BTC will come along for the ride to $4400ish
Hasn’t happend yet @MaxP
Still keeping this btc short open for now though, close it if we push passed that resistance then take a long.
Not looking for bullish trends in a bear market though for btc. Like that wedge I drew. The chances of that playing out are so slim because the bears can attack at any moment
IMight see that head and shoulders play out on LTC, have to seeeeee
Not a lot of volume though. I should really start checking the price before I write on here lol
Also divergence on the RSI. I’d be looking for a confirmed breakout before making a trade. Be careful
TRX would have been the better option, looks good.
Ripple having a little leg up @Jacko1988
Could go back up to test the 55 ema on the daily, I don’t chart xrp so not too sure though
.39 and back