BTC has been following a pretty clear H&S pattern on the USD/BTC pair. Its a little less clear on the CDN chart due to lower volumes. One of the challenges in trading CAD/BTC is having enough volume to execute your trades.
I haven't seen much CAD analysis - give me a like if you care about CAD.
We are going down the right side of the H&S - we may drop below 9000CAD tonight. All signs point to an extended bear market. I am setting 8400 CAD as one of the spots where I will make a buy. Its too difficult to tell if we will reverse after that point but this sideways/downward market can't last more than another week or two. We might have a few more false starts before we move up and stay up - but thats where the opportunity to make cash or coin are.
Short plays will abound once we start changing direction!
I haven't seen much CAD analysis - give me a like if you care about CAD.
We are going down the right side of the H&S - we may drop below 9000CAD tonight. All signs point to an extended bear market. I am setting 8400 CAD as one of the spots where I will make a buy. Its too difficult to tell if we will reverse after that point but this sideways/downward market can't last more than another week or two. We might have a few more false starts before we move up and stay up - but thats where the opportunity to make cash or coin are.
Short plays will abound once we start changing direction!