The market is a bit quiet so far today. Bitcoin is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term while setting up for future impulse moves, while ETC-BTC is getting some hype.
BTC-USD | Still sideways after a bounce and breaking down the daily downtrend, is flipped , still finding resistance at 9087 and support above 7883. Some people are saying this is an setup, we need more momentum for follow-through. The 1H looks better with some support off the MAs but still not great.
SUB-BTC | Breakdown of in , touching resistance of downtrend line after an bear break, may break down the shorter-term uptrend line, not looking great on hourly or .
DGB-BTC | Looking a bit but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these and possible future support-resistance lines. All conjecture but this downtrend may be a . used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here:
GBYTE-BTC | Hidden on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a .
ETC-BTC | Hype from the airdrop event, the C wave of the correctional can often revisit the level of the 4th wave of the previous impulse wave. Hidden on 15min with a .
XZC-BTC | looking very similar to BTC .
KMD-BTC | still in the downtrend and finding support.
ZEC-BTC | 1st target hit with edge-to-edge cloud break.
ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video.
I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC pairs right now.
That's all for now, y'all have a good Tuesday afternoon. Roti out.