BTC is still trading fairly sideways as we watch for the daily inside bar to break. EMA 12 support has been holding since the wildness 2 days ago and is currently being tested again this morning. Yesterday on coinbasepro there was some wild bot battle action with high volume, if you zoom in you can see it. Unusual for us to see this much volume on coinbasepro and not on other exchanges. We will look at it in the video today. We are still in a patience game for the market as a whole, but I must admit this morning I woke up and got a feeling the impending volatility and break were drawing near. Tether still has our attention and is still a main talking point for the crypto community. Many still believe Tether is in trouble, and will see an exit scheme... and many believe it is fine and all FUD. Whichever is true you should ASSUME it is a scam and worst case scenario so that you will not put yourself in financial distress if worst case were to happen. This is what I did when I first deposited USD onto coinbase May 2017. I assumed all that money was now gone. I have made 3 trades in the last 2 months for pretty much break even, and I look forward to becoming more active trading in the sector soon!
thanks dan ! great having feedback wo waiting for the videos !
VaidoVeek
⋅
Hello!
After the rally in Bitfinex, the price is on the ranging mode and it waiting for the direction.
Currently, it has formed a Triangle, three times rejected from triangle upper line and three times rejected from the triangle bottom line. This was the symmetrical triangle but if we don't count those bottom wicks then we get a bearish pattern called "Descending Triangle"....
All the best!
alexcph
⋅
Still bearish. We have a lot of resistance. However I explain in this video how you can make off either scenario.