A comparison between Finex´ BTCUSD and their Longs is showing us a significant relation, we did have before.
The expression is becoming less volatile, due to decreasing volume. The triangle / wedge (could be both, bearish AND bullish right now)
comes back into play and the further we will dangle here, the more likely will the retrace happen into the $3500´s, maybe lower.
On the other hand, we have broken out altcoins, including Ethereum, which developed BEAST volume recently.
Even though I really WANT everything to recover, I am finding signs for both directions and don´t decide now on a trade setup,
but stay more short-term bearish then bullish in the gut.
The expression is becoming less volatile, due to decreasing volume. The triangle / wedge (could be both, bearish AND bullish right now)
comes back into play and the further we will dangle here, the more likely will the retrace happen into the $3500´s, maybe lower.
On the other hand, we have broken out altcoins, including Ethereum, which developed BEAST volume recently.
Even though I really WANT everything to recover, I am finding signs for both directions and don´t decide now on a trade setup,
but stay more short-term bearish then bullish in the gut.