Ok if you're bull, don't panic, we broke absolutely 0 support!
We just had a scary candlestick after a breakout. The breakout has not enough volume so sustain, if you look at the breakout on the daily chart, it look like nothing, and the volume of the day has been made in 1 candlestick, following that candlestick, there was no one supporting the breakout.
NOW, what to do?
It's time to be very cautious, we started having our first divergence on the daily timeframe, and all of this could be a trap and we could keep going higher, so if you bought, keep you buys for now
If you were on altcoins, they are doing great since then, and most of my altcoins are still performing very well, so definitely stay on altcoins if you bought some.
If you were out of the market, stay out, it's really not a good time to buy.
I'll be waiting for volume to come back, and watching very closely how does prices evolve. If we don't have volume coming back, then I'll start shorting.
Keep working!
We just had a scary candlestick after a breakout. The breakout has not enough volume so sustain, if you look at the breakout on the daily chart, it look like nothing, and the volume of the day has been made in 1 candlestick, following that candlestick, there was no one supporting the breakout.
NOW, what to do?
It's time to be very cautious, we started having our first divergence on the daily timeframe, and all of this could be a trap and we could keep going higher, so if you bought, keep you buys for now
If you were on altcoins, they are doing great since then, and most of my altcoins are still performing very well, so definitely stay on altcoins if you bought some.
If you were out of the market, stay out, it's really not a good time to buy.
I'll be waiting for volume to come back, and watching very closely how does prices evolve. If we don't have volume coming back, then I'll start shorting.
Keep working!