RLC - Oracle.
Holding above great support level.
RSI - oversold.
Might see MACD candle turn green on higher TF.
Looking good for spot as well.
Do NOT use high leverage.
i just want to continue to show my thought s on btc.
zones indicated on the graph worked well again.
in current zone (30 000 - 30 700) some alts outperform btc, but i prefer entering long only near 30k (I believe btc won't fell below 30k in upcoming days);
after price hit 30 800, btc declined, most alts quickly starts to drop.
until we see a strong reaction from...
Fundamental is good, but what's better - volume analysis.
We see how sellers protected their level, while volume was increasing.
Those who wish had and btw still have the opportunity to gain a position in JASMY.
Both local Long and Short zones were clearly marked and showed good performance.
Opened Long position in ALTS while BTC was in local buy zone (29 400 - 29 500 my entry).
Closed all Long positions in ALTS near 31 500.
Be careful with Short (only BTC/ETH with 5x leverage max).
Now I expect test of local trend line several times. I will long some ALTS from...
Possible BTC price action. NOT Investment Advice.
10 Red Weekly Candles and now bull's came to gain some momentum it seems. Don't forget about FRED:SP500 Index.
In the current price range bears surely protecting their sales areas as expected, but bulls also protect their buyout zones well.
The question is how long will it last, will buyers be able to break...
