I do not own BINANCE:WTCBTC but would like to see how this plays out. This is not trading advice - i am simply trying to analyse some trends.
$WTC has been killing it lately and is following a similar trajectory to BINANCE:VENBTC (see my $VEN chart here).
The masternode release should be by the end of February, and $WTC keeps releasing great partnership news which helps keep sentiment and volume in the market.
As with all of these cryptos, the king rules them all - If we see BTC dip below 9k USD I think this trend may break and could lead to a break down rather than a breakout.
I believe we will see the current retracement go to .00295 and then my target would be around 0.0045 to 0.005 before we see another retracement.
$WTC has been killing it lately and is following a similar trajectory to BINANCE:VENBTC (see my $VEN chart here).
The masternode release should be by the end of February, and $WTC keeps releasing great partnership news which helps keep sentiment and volume in the market.
As with all of these cryptos, the king rules them all - If we see BTC dip below 9k USD I think this trend may break and could lead to a break down rather than a breakout.
I believe we will see the current retracement go to .00295 and then my target would be around 0.0045 to 0.005 before we see another retracement.
Trade closed: stop reached:
As mentioned above, BTC went below 9k and broke this trend. We should still see a sat gain if BTC decides to fall slowly but 10% stoplosses were hit so I will close this.
