double top resistance at 700 satoshi. I hope it will hold so we will see the downward movement towards the .618 fib. Don't underestimate the power of a shitcoin! It can pump anytime and dump on your head twice as hard the next week. Would be nice to not get liquidated since my liq is slightly above 700.. risky business lol
-not financial advice-
Short @ 655
overbought rsi on 1h, rsi bearish cross on 1h
double top rejection
expecting a potential wick up towards mid 660's, with a huge red candle coming down -not financial advice-
the other scenario which is likely: green candle up to 700, touch resistance and go down. My liquidation is at 704, so I won't set a stoploss which will stop me out from...
Bitcoin moves the alt market, so alt coin trades are very risky. ICX still has (lots) of room to go down, because we are still ~2x the ICO price. Projects like WANchain have fallen to <1x ICO price.
I expect ICX to go a little bit lower, see the chart.
My short term trade will look like this. BTC/USDT will touch the upper trendline, and will be rejected. The STOCH RSI indicates a downward move soon, so it all makes sense. The lower trendlines indicates the 3000$ mark, the "magical mark" for some people. Will trigger a lot of buy orders, and even more sell orders when broken down.
Not financial advice, just me...
BTC moved downwards and pulled the altcoins down aswell. Going downwards on the stoch rsi on the 4h, and almost at the bottom on the daily. Will be buying back when the daily stoch hits bottom & crosses upwards. Sold 50% at 0.0000996 satoshi. I am curious how ICX will move because of the recent pullback of btc.
WTC showing some nice signs on the daily, leaning on a longtime support + fib support. Expecting this coin to do well longterm. Blockchain is coming up, IoT is coming up. I think the combination of both will make for a very interesting combination. MACD and RSI look promising on the daily. Happy trading :)
Based off of Fib, market sentiment and long term trendlines, I think a big Cup & Handle is playing out. This is just for my personal use, don't base your trades just off of this, DYOR!
In case you were wondering: Yes, I think that BTC will make big gains over the coming years. I don't know what the ALT coins will do, but I am a huge fan of WAN, ICX and NEBL. Also...
I expect WAN to carve out the right wall of a cup & handle. With the updates from WAN coming up (Ledger support upcoming week, Wanchain 2.0 end of june.), I expect the cup to be completed around june 26th.