Bitcoin shorts nearly reached an all time high but failed, getting ready for the squeeze here! Taking a long Position
With the recent Bullish SEC meeting in the states we have seen some powerful Volume push into BTC! As you can see on the Charts, the MACD has started to curve up and will soon cross over, and the RSI is still very over sold, the Key ingrediant here is the Volume, being the highest it has been in years, along with the positive news from USA. The worst of the FUD...
Solid up trend that has maintained itself very well. Support line has held good, the MACD is just about to cross over indicating a buy signal, the volume is begining to pick up, indicating that this could Pop, especially if it breaks the key resistance point marked on the chart! My only concern here is the RSI is about to go into the over purchased territory, but,...
ICX support line has held well through this uptrend! New all time high .0009210. Hopefully we see previous all time high of .0008715 acting as support here, if not, realistically we can potentially bounce off the next fib level below of 0.786 (0.0007983) or all the way down to the long term support line. Our next target on the FIB is 1.618 (0.0010827)
As you can see here, during the latest bitcoin crash the lowest Fib line acted as a great support level for SNT. We have now seen a small spike with not much volume bringin up to the (0.236 Fib line 0.00002379) As we have now broke into this level, what we are looking for is for this area to turn into a new support level. The idea here is to buy if we close over...