OXT getting ready for another move. It seems OXT always dump hard before making another big move. OXT has strong support .24 to .25 cents. Sellers are getting exhausted and giving up but wheals are accumulating a lot here at this price range. It will take one more week before we see price moving upside. You can clearly see light reds are showing big accumulating going on here. Price is not moving upside because whales are accumulating here at this range. Rsi showing upside and slam to bottom. This time it will surprise everyone how fast the price can move once coins are taken out of market and people will see green candle one after another one and price moving violently upside. Don't for this trick and don't sale in the bottom. OXT has strong support at .22 cents. Some are moving to other coin thinking OXT will go to .22 cents. If BTC doesn't drop from here it won't go to .22 cents to make another bottom. In bull market don't jump coin to coin it will make you losing coin count and your position. I truly believe BTC won't go much lower from here until it breaks Altima high and 20000. Do your own analysis before taking a position.
To me it looks like the global crypto market is in for some bear action as BTC and the large cap ALTs all have nearly same chart pattern and I think this will bleed OXTUSD down as you have mentioned. Slow bleed or elevator down has yet to be answered. 0.22-0.23 range is still my possible target unless continued sideways moment and continued days of accumulation above 0.24 and if RSI/MACD and other indicators on the 1D start to turn around. Good luck!
shaon45
⋅
@Ambassadorj, thank you, that’s a very good observation. I truly believe we are going to make another all time high. Lots of wheals are waiting on sideline to take a position. Until BTC make a move those money flow won’t be coming until than. Either we are going to make all time high soon than going for correction as expected or we are going for correction before that but history tell us we go for the fist one than for correction. So we need to keep eyes for which one coming fist. Smart money takes the risk and take position before big money flow start coming. Let me know your thoughts as well.
To me it looks like the global crypto market is in for some bear action as BTC and the large cap ALTs all have nearly same chart pattern and I think this will bleed OXTUSD down as you have mentioned. Slow bleed or elevator down has yet to be answered. 0.22-0.23 range is still my possible target unless continued sideways moment and continued days of accumulation above 0.24 and if RSI/MACD and other indicators on the 1D start to turn around. Good luck!