Bitcoin has been iffy folks! Dump after dump, which makes the alts dump harder. High risk = high reward.
I changed my chart to a flat bottom since the $31 area seems to have hit twice now. FORTH is starting to squeeze more and more. Think of it like a spring that's coiling up and waiting to be released.
Keep in mind, however, if FORTH starts getting full candle closes between $20 - $30, this idea will just take that much longer to play out.
This is not financial advice. These are just my ideas and opinions.
I changed my chart to a flat bottom since the $31 area seems to have hit twice now. FORTH is starting to squeeze more and more. Think of it like a spring that's coiling up and waiting to be released.
Keep in mind, however, if FORTH starts getting full candle closes between $20 - $30, this idea will just take that much longer to play out.
This is not financial advice. These are just my ideas and opinions.
Comment:
Bitcoin dumped again. I will revisit this in a couple weeks if things recover.
Comment:
I've updated the chart and had to lower the support level. FORTH's movement is getting much tighter now. We DO NOT want to drop below the $26 support level.
