I am oh so very tempted to take a long on adabtc... however because we are at the start of a potential strong run against BTC then maybe that would not be wise.
I could see a nice bounce off the higher box, but upward growth could be short lived if BTC continues its rally.
Also if BTC 2x in price like many think it will over the next 30-60 days then we could see these rations totally bleed and maybe hit the second lower boxs..which is about a 50% drop from current rates.
Its always hard to tell. I wont place a long till I see a buy signal print and a clear reversal and will make a stop loss so tight you wouldn't believe.
I could see a nice bounce off the higher box, but upward growth could be short lived if BTC continues its rally.
Also if BTC 2x in price like many think it will over the next 30-60 days then we could see these rations totally bleed and maybe hit the second lower boxs..which is about a 50% drop from current rates.
Its always hard to tell. I wont place a long till I see a buy signal print and a clear reversal and will make a stop loss so tight you wouldn't believe.