most sell offs of this scale get to the 40 ish range on ADX. We're at 24. I'm aware that I posted some charts earlier today saying that we may only reach 553 ish, but I'm reconsidering now!
Maddie, if you compare the willy indicator in this chart to the last big sell off in march, we still have a potential $150 worth of down from here - $400-450 is very possible here imo. 490 is just a fib ext level... tradingview.com/e/StbICTmr/
BitcoinGuru
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I have been reconsidering too for the past 2 hours and I am also going to step aside and set my buys at around 505-515 for now OR the 400 level as you have pointed. The worth/return is much bigger and worth's the risk.
SunnyBTC
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EliX. Sounds like a plan, keep an eye on fib levels 466 (61.8%) and 418 (76.4%) too... but I expect a $30-40 bounce around 502-520 area
SunnyBTC
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Ahh ignore.... that's btce not stamp...
Maddie
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Okee, thanks !
capoeira
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actually there is a divergence in ADX. also watch that DMI- went down from this level the last 2 times it was over DMI+.
dmi crosses give good signals, but they are late