BITFINEX:BTCUSD has been getting hammered a bit but around consensus this sort of drama happens a lot. So anyway cutting it short, I would say BTC is currently in a neutral state. Worst case prediction is $7400 before the bounce (if we break that level Oh bouy!! )
Best case will be to bounce from current levels, to $10,000 mental barrier taking a toll. Next...
LUNBTC spikes a lot. If you want to get into this great project, this is a good time to enter. (Not a financial advice)
Check out the long term trend of a nice parabola of the base. The height of the spikes in a nice triangle. We have broken that triangle with current movement.
The volume is climbing up...
Populous has reached bottom and now waiting to see an indication for the breakout for entry.
If PPT crosses the green line of trend, we can call it a breakout
-Not a trading advice
As shown in my previous chart, the BTC rally was not supported by a massive volume (reasons may be from a regulatory point of view to more availability of USD markets for major currencies on the exchanges)
The volume of trading on ETH has not decreased at all. With Casper ever coming closer and closer, expect ETH to rampup in value pretty soon. The indicators are...
BTC run is still not supported by the volume that we expect. Transactions/day still remain low (may be the effect of the regulations).
This rally has got some legs but currently it wont go above 9.5K. At a 23% retraction from the predicted $9.5K rally, we should settle at $9050 and go to...
BTC run is still not supported by the volume that we expect. Transaction/day still remain low (may be the effect of the regulations). This rally has some legs but not so much before expected retraction to sub 9K.
If BTC holds above 9K it will start a new rally. Trade carefully with tight stop loss from here.