Heres to all the moon boys calling for a rally on bitcoin....
If price taps the resistance block marked in red and makes an SFP on the daily, ill be shorting it.
Look at how there is a swing high "crouched" just below the resistance zone, its a clear setup of making breakout traders go long as price runs into resistance before it gets dumped again.
*TRX/BTC looks to be ready to complete a rising wedge pattern.
*Decreasing volume is a good indication, look for an expansion of volume on the support break.
*A good entry would be to enter below the last low reaction
*Look to take profits on the 4H 200EMA area
While ETH has seen a couple relief rallies in the past week, it doesn't appear to be enough to combat the selling pressure and the lack of buyers in this market.
Even with this most recent pump ETH couldn't muster enough buying volume to break out of this downtrend, and instead seems to have posted another lower high for a large descending triangle that can be...
FUELBTC is situated into an ascending channel which probably will breakdown becouse we have a STOCH bearish cross confirmed and also we will hit the haard ichimoku resistance.
If you have FUEL, sell it.
1st support 338
2nd support 307
3th support 268
Sell it and wait for re-entry.