The market is very bullish, ETH is making higher highs and higher lows since the big correction, that was caused by the gold drop.
93 will be a formidable resistance in the future, because it has fallen below this level many times now, you never know when was the last time.
Its a bullish signal, it seems we will have another go at 11.2k and probably 12k
With a clear fail on the 2.43 supp of Qtum its time to either retest 3.3 or 3.8.
The bounce is happening with and RSI of around 26 on the 4 , so a strong bullish div may pop up with a quality uptrend attached from exactly this point.
The RSI is coming from near oversold positions and is transitioning to a bullish momentum. The fear and greed index stands neutral alternative.me A strong pump may vey well be ahead. We made a higher high and higher lows. 11.2K is surely ahead tonight or next week.
The big bulls and bears always try to scare you from opening big longs at critical points, this either is the absolute bottom of a bullmarket, or the top of a bearmarket. The algos are made to torture you. That is why its best to just HoDl. If you are in a very high leverage position, these moments are very creepy. I pref to do low leverage on coins like qtum,...
BTC is only daily double ema support, small chance these weak bears can break it.
Bears always have a reason why it should drop to 3 k tomorrow lol. Whatever bears we all know 11200 is the end of crypto bears untill 20k Long make them suffer:)
The big bulls and bears always try to scare you from opening big longs at critical points, this either is the absolute bottom of a bullmarket, or the top of a bearmarket. The algos are made to torture you. That is why its best to just HoDl. If you are in a very high leverage position, these moments are very creepy. I pref to do low leverage on coins like qtum,...
I predict EOS will float around 2.7 in the coming weeks :P Slightly bullish bias.
The RSI rose a bit to much on the 4 h, that is now reset to around 40 from about 70. Qtum is nearing oversold instead of being overbought, its a good place to open a long.
The data says, BTC and the stockmarket ( red line ) have almost no correlation at all. There has been one coronavirus blackswan event, this says nothing at all. I believe that the next stockmarket crash will lead to a huge BTC pump, because it will be the stock money flowing into BTC. The stockmarkets are at ATH, while the real economy is doing worse than ever....
When the bears are doing this I always add to my longs. It means they are going crazy and have just added to their underwater shorts and are moving close to their liquidation.
Qtum has made a small golden cross on the 6 hour, it can make higher highs as soon as BTC stabilizes above 11k.
Every dip seems to be bought up for a while now, the resistance has been softened, its time to go up!
You cant underestimate them, only china holds vast amounts of USD. news.cgtn.com