After Bitcoin showed a reaction to the upside following Future options expiring on Friday and the removal of some selling pressure its been a quiet weekend with mainly side ways action for most Alt coins in crypto land due normal weekend lack of volume.
DOT along with KSM (wild cousin of DOT) have been forming what looks like a inverse head and shoulders...
Just an idea of possible 3 scenarios.
Option A is the release of the sell pressure from the future derivatives expiring (orange vertical line) Now @ 4PM GMT following a retest of the $56-57K band if successful continuing to a new ATH.
Option B continuing the current trend down to the blue line which is the bottom of a parallel channel dating back to October on...
Since the 21st of Feb when BTC fell from the top of the ascending channel its been a little turbulent. The last few days pushing it towards the lower channel in a long term ascending parallel track. Looking on the 4hr time frame the latest down trend looks to have formed a bull flag with the flag pole starting from the bottom of the channel on the 28th feb. Adding...
