XVGBTC
Updated
What next ? will it stay within this flag or pop through ?
Note
As you can see it broke down after crossing the long upward trend line. This is a perfect example of trend analysis. if it breaks the upward trend line, GET OUT, unless your in it for the long term in which case you wouldn't be here.
Whats next?
Well it made a new higher low which seems to indicate that it may be recovering. seems to have good support/ resistance at 865 satoshis.
In the next 7 days It will do something, I am expecting it to pop on Friday however if it breaks the support trend line again we may see further corrections.
Why Friday? - BTC futures will expire (4pm UK time), and then like last time should see a bullish flow of money into the crypto world.
I shall make another chart tomorrow after today's candle close [This will give us a stronger indication of the market]
What you think ??
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