Someone pointed out that when buying within that box where there is an obvious support -one should never buy on that area but instead plot a fibonacci and enter on that 1.618 and expect an upward movement. I don't how true it is but let's see.
Technique poster: Triangle is a sideways movement that is associated with decreasing volume and volatility .
So, the descending triangle in btc looks like form. Seems to be really, we have 3 touches in support. And a possible upward response.
Its time to take a position.
Don't feel too much bullish about EOS despite hard fork it has. But in the end, all depends if current support at 3.7-3.75 will push price up, or let it through. Bouncing would be a very good signal for new uptrend and even if not, it will still be able to get to 3.88 - 3.97 - 4.05. If break down, next support at 3.55 should bounce the price.
waiting for more confirmation, this could go south
mainly looking on higher time frames
break up out of this triangle? obviously bouncing in it
hoping for a break up, hold/consolidation in this resistance channel
would be bullish
could signal a break above this lil top out
just no break below 9K
i guess plan accordingly
Litecoin which always starts before any alts is giving out a good sign that Bitcoin dominance should take a breather soon, I am not 100% sure whether we will see 1000$ dump to do that but even staying in this sideways range for a couple of days will allow alts to start pushing. Best to start with the one who always pumps the best!!
All Hail Litecoin