Looks like BTC is about to flex and keep the slaughter going for the alt's, if it manages to close above 62 today. We are still moving inside this year old descending channel, we got a double bottom confirming the strong support of the same. We also created a round bottom and appear to have conquered all the EMA's. When you add the amount of money that came into...
After trying to break the resistance around 363B and getting rejected 5 days throughout October, it seems like we are losing momentum, BTC.D is up and created a round bottom which got rejected at the resistance today in its first attempt, however I believe it will break up soon. We are seeing the gains in alt's getting erased and my overall look in the market is...
We can see a clear rejection on a long term resistance line, a head and shoulders formation just completed on the daily and we lost the support at 169 and the 100 EMA. Don't forget the long term trend is down and it looks like we are going at least to test the 200 EMA which from my experience rarely holds strong downward pressure. I opened my short at 180 with 5x...