If bitcoin remains bellow 10k, might we expect a drop on the end of the month? Or a high!
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Logic behind going long : 1.) Two strong tests of resistance, the first was a high volume sell and the
second was a big buy that followed news concerning ripple and the financial sector.
2.). The possible convergence of the 200 day moving average and the 50 day moving average as indicated by the yellow line, which I stress, is a rough approximation *still an amateur trader*.
3.) My first use of the spiral fib indicator which correlates with the speculated targets, indicated by the accidentally hard to see green, orange, and red rays in the current price action.
4.) General "altcoin season" sentiment that has the public eyes on the top 5 alts.
5.). Currently testing strong resistance along with the upward momentum BTC should have pre-halving, after which I will likely get short.
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tradingview.com/chart/9uHV9ZYV/Note
below* Jesus I'm tired
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.