The great BTC financial drain of the Alts continues, though nothing has fundamental changed with most. So when will this stop?
Each asset chart if different - but many are looking essentially the same to me = they will all be available at bargain prices soon.
This chart shows fresh supply waiting at volume support. Will the drain stop there or will we go even lower for DASH, LTC and others? Possibly or maybe not? Most assets including DASH are showing potential price reversal approaching in the next 8 / 9 hour candles (today/tomorrow) ... at least a fair retracement is due. Mind; BTC has been showing signals for a healthy price retracement for while but absolutely ignores one after the next after the next ... but that time will come.
Keep sharp and be careful (when the pink line volume support goes horizontal, in my experience, it also grows weak) ... so check your own techniques for any entry you are comfortable with.
- all the best -
Each asset chart if different - but many are looking essentially the same to me = they will all be available at bargain prices soon.
This chart shows fresh supply waiting at volume support. Will the drain stop there or will we go even lower for DASH, LTC and others? Possibly or maybe not? Most assets including DASH are showing potential price reversal approaching in the next 8 / 9 hour candles (today/tomorrow) ... at least a fair retracement is due. Mind; BTC has been showing signals for a healthy price retracement for while but absolutely ignores one after the next after the next ... but that time will come.
Keep sharp and be careful (when the pink line volume support goes horizontal, in my experience, it also grows weak) ... so check your own techniques for any entry you are comfortable with.
- all the best -