Boring
BTC: Whole lotta nothingSee what I'm seeing? that's right, nothing. Diminishing sell volume and no buying interest in sight. Could really help our mini alt season happening now. We are reaching apex's of patterns, but still not convinced anything will happen. Quiet before the storm? Use caution trading in chop/no-mans land.
Dji Predictable? Snoozefest for now. This is just because I got tired of hearing people say, "The dji went down today and calling it unexpected and all that.
Simple line chart, every line after the dip was there before it was hit, so I'd say that right now, as an index, it is pretty predictable.
zZzZzZ fest
Though I must say, as times goes on and especially now, It seems as if something even more and more interesting will happen. I said the same thing to my friend right before this last drop. Lets just hope the interesting event will be good and not bad.
Ima still stick with the concept that good and bad news just means look for where it will drop or stop next.
Fib is from 15.5k to 26.6k
I still think the .75 can be used on this go around as the 2nd drop in this smaller trend went quite a bit under it.
But because it seems arguable if it has been used before, I think it will be interesting to see what happens. Also the lack of support if we drop almost means for certain we have to go down to the .618, but even though the .618 is the .618, There seems to be no support and a drop to 21.6k seems likely with 20.5k-21k looking like the only really strong resistance.
Anyway take care yall.
-KTown
JMIN y la larga espera!Me siguen preguntando por JMIN y la respuesta es la misma, esto sigue lateralizando con pequeña tendencia bajista, sin momentum, sin intención y lo mas importante sin volumen. Vamos a tene runa señal clara cuando esto despegue y vaya a hacer nuevos máximos. Por ahora paciencia!