Well, this is just an idea. So here it goes....
Are we seeing what happened last week prior to the major drop in BTC? Look at the boxes drawn above.
The trend started on a Thursday a similar pattern , my theory is that it is going to repeat this pattern.
The RSI is directed downwards, though the MACD looks like it is about to turn , which is very similar to last week.
FYI, my fractal knowledge is pretty shit, but is this considered one?
For now, for me, fiat will be King with a small portion in LTC ready to play some shorts, i.e. Ethereum which is still heavily linked to BTC movements.
Both are still in their descending triangles, but after this weekend I hope to see the turn for better time if I am correct.
Are we seeing what happened last week prior to the major drop in BTC? Look at the boxes drawn above.
The trend started on a Thursday a similar pattern , my theory is that it is going to repeat this pattern.
The RSI is directed downwards, though the MACD looks like it is about to turn , which is very similar to last week.
FYI, my fractal knowledge is pretty shit, but is this considered one?
For now, for me, fiat will be King with a small portion in LTC ready to play some shorts, i.e. Ethereum which is still heavily linked to BTC movements.
Both are still in their descending triangles, but after this weekend I hope to see the turn for better time if I am correct.