This is just for fun, but shows how if patterns repeat, we can expect buy & sell cycles.
Although the good time to buy at lower prices already seems to have passed, we can place some bids and stops as noticed on chart.
Take some precaution if you're holding the instrument. Catch a wick at support in the current trading range. Look for entries further down.
We pushed out of the descending triangle pattern and jumped to the upside, putting us in a new trading range. However, a strong move like that may have another quick push up again before seeing lower prices.
Based on a trend line from 2017 that converges with the November 2018 resistance, it creates a new triangle formation. This chart projects a lower low of 2700, and we have until June 2019 to break out of this formation. I'm not saying price can't go lower than this, but this is just to provide some additional perspective. (only works in the non-logarithmic scale)
I'm not playing any huge moves now, but looking to enter a long position if my short hits target. Lots of buy orders for BTC below, as I would also like to get some at lower bids. Alts just went on discount, and we could see a nice pop if price drains slowly a bit longer.
If I wanted BA, I will wait for this possible retracement.
Lots of bullish news and weekly updates from the developers. They are working towards a Steam platform model and will offer over 3000 games for sale (using the GAME token), as well as partnerships within the gaming & blockchain industry.