Please check periodically where we are. Press the play button to see progress (works on computers)
Comment
⋅
Triangle broken earlier today. Now there may be a retest of the resistance line as the new support line, or it may continue to go up.
Comment
⋅
:)
Looks like BTC just fiddled with the resistance line and then dived back. Please keep monitoring....
Trade closed: target reached
⋅
BTC went above the resistance line hence breaking the triangle.
Happy trading :)
Comments
arikanmehmet
⋅
so, are you in btc or waiting until it makes a decision which direction to go ?
UnknownUnicorn995432
⋅
@arikanmehmet, BTC has the unique market dominance position. I don't buy or sell BTC as it is not going to be as profitable for me to trade it compared to other alts. However, it will be a mistake to not monitor BTC's price fluctuations and just keep looking at the chart of the alt coin only.
These price relationships between BTC and other alts are very complex and dynamic.
Good and safe rule of investment tells us to wait till there is a clear uptrend, and if there is a clear downtrend, to avoid investing in it. This chart just shows price progression. Once it crosses the resistance or support, it can give you an indication what to expect next... it does not promise anything.