These tricky manipulators and market hype (which the shorties love so much) have already been recognised by me.
Let's take a 3 day timeframe (same logic here as my choice of 8 hour frame, more reliable than 1 day but faster telling than 1 week).
We see divergence on the Stoch RSI and a recent volume down signal on VFI (thanx LazyBear for).
I believe there is an objective to knock out the longists' stops, which many will concentrate around 60K.
In my mind a healthy correction is located at the 54K level. But I will wait to draw conclusions on that probability.
I'll see how this assumption plays out first.
As usual, you draw your own conclusions.
P.S. There are plenty of predictions on altcoins right now, but they are meaningless until this bitcoin situation is resolved.
Let's take a 3 day timeframe (same logic here as my choice of 8 hour frame, more reliable than 1 day but faster telling than 1 week).
We see divergence on the Stoch RSI and a recent volume down signal on VFI (thanx LazyBear for).
I believe there is an objective to knock out the longists' stops, which many will concentrate around 60K.
In my mind a healthy correction is located at the 54K level. But I will wait to draw conclusions on that probability.
I'll see how this assumption plays out first.
As usual, you draw your own conclusions.
P.S. There are plenty of predictions on altcoins right now, but they are meaningless until this bitcoin situation is resolved.
Trade ativo:
Wow! Here we go!