Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
Look at the chart I drew. Trend-line is leading feature. Price reacted and fall down. There could be a short move to lower price this week-end. It is chance to buy cheap altocins with fast profit. Next week we expect next new ATH of BitCoin king.
Short triangle... Whales are still holding and waiting for retail, BitCoin will reach new high but uptrend will be slowly, not sharply! Just retail-trading!
We can see on the H1 chart a double top has been formed. A good oportunity to short for intraday. Then when price gets to the 1.4300 level!!! whould have lots of confluences to go long as a swing trader....
