$OCEAN / $BTC 4 Hour - @bitloinWith the uncertainty around the stock market, bitcoin, and life in general, it can be hard to try to make sense of all the madness. With that being said, there is always a reason to find hope, which in this case, is the $OCEAN chart. Looks like there's been a nice bounce off the 750 sat area which will continue its upward trend. I am long on the $BTC pair, although if you are trading in $USD, I would be wary to enter until $BTC has settled down. Heads up, I am expecting some big news for $OCEAN in the coming months!
OCEANBTC trade ideas
$OCEAN / $BTC 1 Hour Chart - BitloinUpdate on my $OCEAN analysis: It looks like the Market Maker has decided to not let this dump before the AMA tomorrow at 7 am EST. If there is a significant announcement, then I am expecting an ATH run, especially with the breakouts we've been seeing lately with alts. If it turns out there was nothing significant form the AMA, I am expecting a dump to 700 sats. I'm taking my chances with a decent position, but have a stop-loss ready.
OCEAN/BTC Long TermI have been paying close attention to OCEAN/BTC and i have noticing that it has been posting higher highs and higher low from August 2019. Price trend looks great.
OCEAN/BTCA retest of the the top at 912 sats before a correction or a dump to the support line near 600 sats?
Divergence between 3 tops in MACD and the price.
Price close to a strong resistance.
Other scenario : price breaks the resistance and fly to 1000 sats and more.. and invalidate the MACD divergence.
