BTC fell out of the fib that its been bouncing around in, sitting on the second up term trend line at the moment. bounce trade time?
This is fun to watch.. Seems to be creating rapid waves / swings among alt coins, Bots would be having fun right now. Its hard to read the market at the moment, so babysitting trades might be a good idea.
With everything following Bitcoins wake, im watching a lot of coins for potential bounce trades up from points of support, Litecoin being one of them. Warning - Everything is at the mercy of Bitcoin. info pulled from coinalyze.net and cryptowat.ch
DGD/BTC on the 4 hour, wathcing for a bounce from the fib line and trend line. trade at your'e own risk, this is not financial advice.
NEO is sitting on the 50 fib line, watching for a bounce depending on Bitcoins activity
Vechain has been riding the 50 fib line and will soon encounter an established trend line. watch for a bounce.
keeping it simple. description in picture. This is not financial advice
ADA looking like a good buy right now. keep in mind that bitcoin may run and make alts bleed some more so keep an eye on active trades.
Vechain is sitting on the 50 fib line and also hitting the long term trend line. i am buying at this point, but keep in mind that bitcoin may run and cause alts to bleed.
Btc is struggling to break the Down trend line which has been acting as a strong form of resistance. As we make our way to the divergence point, it will be important to watch for a break out in either direction, i suspect a bounce from resistance to support at around 7500, followed by a further testing of the resistance. Bollinger bands indicate we may be...
We are following a slightly steep up trend at the moment after anticipation for the re branding into VeChain Thor and announcement of a partnership with BMW. If we can break through the current Fib resistance then we may see all time highs again, but the resistance in that area will be heavy as profits are taken. Once Thor dividends are being paid, i foresee a...
Trend lines hold a lot of influence, after testing the down trend line and failing to break through we might make our way down to test the long term up trend line again before making another leg up to test the down trend line.