Bitcoin , Ethereum & Litecoin all appear to be in the corrective phases with Bitcoin leading the way. We can see that Bitcoin is approaching a strong area for the next impulse. Similarly, we can identify key reversal zones for Ethereum and Ripple.
If we compare all 3 charts, we can see that theres an ascending trendline supported by fibonacci, which looks to be the key area to look at for buys. The move down is almost complete with limited space to move down, so the best thing to do is get ourselves ready for the big move up which will be coming very soon!
Crypto can be moved 100's of % with just one tweet as we have seen recently. Being reactive is key to longevity in the trading business.
We will stay adaptable and be reactive to whatever price action the market gives us! Have a look at the ideas linked to this post for the individual analysis for Bitcoin, Ethereum and Ripple.
good observation & analysis. It'll either bounce off the trendline or fall straight thru & test levels that are lower. You'll either get presents this christmas or a big bag of coal :P