Simply put, volume is drying up on GDAX. There is no reason for ETHUSD to go up while GDAX has a 75,830 volume for the past 24 hours. Even the bots have been given stricter parameters by their owners. Notice the Stochastic RSI is alerting to a downtrend (%K crossing lower than %D line). Consider for a moment if we were going sideways. We would breakout of the trend but not for long. At best, this will establish a sideways trend.
Taking all your risks into account (regulatory, manipulative and capital locked up), is it worth it? I am short until about 278 to 330 range. We will definitely see 365. This short position would be invalidated were we to have volume and breakout upward from the downtrend channel instead of sideways progression...
Learning as you are!! Comments welcome
Taking all your risks into account (regulatory, manipulative and capital locked up), is it worth it? I am short until about 278 to 330 range. We will definitely see 365. This short position would be invalidated were we to have volume and breakout upward from the downtrend channel instead of sideways progression...
Learning as you are!! Comments welcome
Lesson: BTC is the king until a new successor to the throne is declared.