Trading has been pretty quiet this week, with several times lower than we saw at the beginning of the year. I believe that we'll test the upper edge of our ( here) in the next day or two. If we see a breakout above this edge with high and a high daily , we'll move up towards the one-week moving average (bright green line). If we do not strongly break this line, I believe that we'll have a downward breakout challenging the long-held 0.016 . The next few days should determine which direction BITTREX:GNOBTC should go.
As the title shows, I am about BITTREX:GNOBTC because of the decrease in trading over the past couple of days. This tells me that sellers are less willing to sell at this current value, and I see that as a critical time for a breakout. We've tested the 0.016 three times before, and the bears were unable to take BITTREX:GNOBTC down then.
I'd like to hear your thoughts on BITTREX:GNOBTC ! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears finally take it below the 0.016 support? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***