its been shown before by me and others, not sure I made it public.
anyway, there is a vol gap which vol traded is low. imo it is concerning for bulls as ppl want to see what will happen in this zone, will
bears or bulls win in that zone?
right now, imo, we are stuck in this large range, which was proded and each time got weaker, now we are stuck in it. if we don't hold 6300 or so, I don't think 58xx or whatever will hold and well hit that low vol area, perhaps we will bounce from 5700-5000k, or we will break down to create a possible accum zone in the last low area of 46-3300 or whatever numbers there in the left side red box.
some alts look fine (ppc), some in uptrends(havnt seen any big one yet), some still making new lows (zec, mana), and other alts slipping into bearish euphoria (eth). I would say eth is due for a bounce, but if btc keep punishing bulls no way the market will turn easily before more down to rip off bandaid, or just slow death and long sideways.
not sure whats going to happen here, we are stuck in this range so I will wait with my current alt positions.
anyway, there is a vol gap which vol traded is low. imo it is concerning for bulls as ppl want to see what will happen in this zone, will
bears or bulls win in that zone?
right now, imo, we are stuck in this large range, which was proded and each time got weaker, now we are stuck in it. if we don't hold 6300 or so, I don't think 58xx or whatever will hold and well hit that low vol area, perhaps we will bounce from 5700-5000k, or we will break down to create a possible accum zone in the last low area of 46-3300 or whatever numbers there in the left side red box.
some alts look fine (ppc), some in uptrends(havnt seen any big one yet), some still making new lows (zec, mana), and other alts slipping into bearish euphoria (eth). I would say eth is due for a bounce, but if btc keep punishing bulls no way the market will turn easily before more down to rip off bandaid, or just slow death and long sideways.
not sure whats going to happen here, we are stuck in this range so I will wait with my current alt positions.
Comment:
other area with my same interest is 11.6k
