I do like a bit of risk, have been waiting for a retracement and seems like a good place to start building a position.
ETH & BTC been grinding lower all day with people buying the drops. We are right at the bottom of consolidation of ETH, and near same for BTC. i have been waiting for this area to be reached to re-adjust positions and trade more aggressively down here using averaging.
Here we have a long term long position on ZCASH - weekly chart shows a potential double bottom (formed support) zooming into the lower time frames it looks great. Ill leave the TA to do the talking, will monitor this over the next few days.
XRP reacting nicely to the Fibb extensions drawn onto the chart. Looks as though a Cup and Handle formation is forming, awaiting breakout of the lower TF counter-trendline for confirmation to the upside.
XLM covered risk yesterday at potential reversal point, awaited a breakout and re-entered upon retest area and still building positions. Clearer picture upon daily candle close.
Even with an 'air' of Bearishness in the air, Bitcoin will likely do the opposite and have a nice rally to the upside after its dead-cat bounce failure. Watching any potential sharp moves to the downside, we can start building short term positions to the upside using the TA. Using the long term trendline as support, we can use a dollar-cost averaging approach to...