The number of long on finex is at the same level as the previous top. Great pool of liquidity (stop and liquidation hunting) for the MM.
This rally will end in blood, equal volume for rally 1 and 2 but disproportionate price increase. I would not risk my self shorting it either.
Those spikes in volume with near no price action looks very suspicious. Some whales might be accumulating for a pump and dump.
Price went above 50 EMA and CCI is about to turn bullish but there's no volume so buying right now is risky.
50 EMA seems pretty reliable in the case of predicting BTC move in clear strong trend (after inspection of past price and 50 EMA relation). My move would be : If $BTC 4h closes under the 50 EMA (blue area) I close my long and I go short using fib retracement as target.
Waiting volume for a breakout confirmation. If $LTC do breakout we can expect 400$~410$ before meeting significant resistance (at least, that's what the lines says). Any comment appreciated. Still learning.
Waiting for a breakout of the neckline to go short, target -2.80%. All critics on this chart are welcomed.
TA on XBTEUR - Kraken