I am long. going against the grain that we must drop to $8500. I think this thing is going to leave late buyers in the dust. good luck all :) Trade with Stops.
Found this on a chart i had randomly, thought it was kind of cool. use at your own risk, the tool is being used correctly, im not trying to prove anything with this chart, just thought it was interesting.
I like to watch the Market Cap. I see now it has regained its position above the 100 MA. My idea is that it will find the 200 MA eventually as resistance.
Im in a short position with a tight stop loss. I think bulls need a short reversal in order to gain momentum to the upside. I may also get stopped out while writing this. Risk management is a must. Short on ETH as well which has major bearish divergence, also a tight stop loss.
I see a bear flag forming on the 1hr time scale, I expect trend to continue up after price flip this morning, I am prepared for a slight retrace as well to the .382 of the most recent daily move up.
