The market has been insane this week..We had the highest single dump in a day -in terms of USD-.. Good traders will still be profitable in this market (for those that know what they are doing). undisciplined traders are going to lose money.. Investors can keep buying the dip depending on how deep their pocket is.
All i'm saying is, in a time like this, how you analyse and strategize your trade is very important. I don't expect a sharp reversal for BTC. Before we begin trending up again, i expect some accumulation, which will be a good period to scoop up BTC. For now, if you're in doubt what to do, i'll advise sitting in the sidelines and observing with scrutiny how all this plays out.. Incase a repeat of something similar happens in the future..
All i'm saying is, in a time like this, how you analyse and strategize your trade is very important. I don't expect a sharp reversal for BTC. Before we begin trending up again, i expect some accumulation, which will be a good period to scoop up BTC. For now, if you're in doubt what to do, i'll advise sitting in the sidelines and observing with scrutiny how all this plays out.. Incase a repeat of something similar happens in the future..
LTF ain't looking so bad right now.. Posting Higher lows.. Maybe we get a pump towards 6200 - 6400..
Price breaking down the lower trendline.. looks like we might dip lower first..
Pro Analysis
ETHBTC Been playing out as planned..
ETHBTC
Respected our levels quite well..
Respected our levels quite well..
Pro Analysis
BTC DOMINANCE 67.3 is a crucial level.. if we break above, then it's going to be pretty bad for alts..
BTC DOMINANCE
Look at that spike up, which came with the dump in alts.. Still didn't close above 67.3..
i suppose almost no one is looking at alts right now because focus should be all on BTC.. but still don't forget opportunities lie anywhere..
Look at that spike up, which came with the dump in alts.. Still didn't close above 67.3..
i suppose almost no one is looking at alts right now because focus should be all on BTC.. but still don't forget opportunities lie anywhere..
ETHUSD
Weekly close above the grey box will be a good start to begin thinking about a reversal.
Weekly close above the grey box will be a good start to begin thinking about a reversal.
BTC breaking out.. From here, we can make a move for 5700..above 5700 then i'm looking at 6k next..