ANT/BTC has been in a ranging accumulation period since roughly mid-August. After decreasing volume during the 4-month downtrend, volume is picking up a bit during this accumulation period.
We saw 4 Bottoms at 10k sats: Double bottom on 11/2/2017 and 12/08/2017 -- with bullish RSI divergence Double bottom on 9/12/2018 and 10/20/2018 -- with bullish RSI divergence
RSI is still high compared to the last 2 bottoms. In an ideal world we go down one last time and briefly break 10k sats with a continued bullish RSI div. That would be an ideal entry.
My plan is to begin accumulating now and really go in at 10k sats if: 1. We breach 10k sats in the next two weeks 2. RSI is higher than previous low
Comment
⋅
We shot down and broke the 10k sats on Nov 8th's daily wick. RSI is higher than previous 2 bottoms so we have an RSI bull div on the daily.
I am following my plan and am buying at around these 10k sat levels.