AdEX/Bitcoin Resized
ALWAYS LOOK AT COINS IN RELATION TO BTC. NEVER TRUST SOMEONE WHO DOESN'T LOOK AT THE RELATIONSHIP TO BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
Ok. On to AdEX. I think the chart is pretty self explanatory.
We can see a cup forming at a somewhat reasonable level. I personally do not like the way it looks at the moment. Though the .1 retracal is a good support area , If BTC has some issues, I can see it getting blown into the red zone.
If i was going to trade AdEX, I would wait and see how this cup forms and what happens to BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
Ok. On to AdEX. I think the chart is pretty self explanatory.
We can see a cup forming at a somewhat reasonable level. I personally do not like the way it looks at the moment. Though the .1 retracal is a good support area , If BTC has some issues, I can see it getting blown into the red zone.
If i was going to trade AdEX, I would wait and see how this cup forms and what happens to BTC.
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