BTC going down more but Alts standing still - the Global Market Cap Chart is the chart that governs all the other charts - its volume is slipping and its showing in all the coins - BTC will do a short bounce soon and Alts will slip more - When BTC comes down from the bounce the whole market will come down with it - Global Chart is linked here - coinmarketcap.com
If i was running the market I'd play it like this...
I'm starting to think the blue arrows are likely - Market cap was highest at $176 Billion the first top of $5870 - it had slipped $3 Billion for the top of $6166 - it has now dropped to $168 Billion - this says to me the smart money exited, they don't leave all at once or they don't get to sell all stock at the top price so we see a slow choppy bleeding like now...
Please zoom in/out and see where these trend lines originate - I thought this was a no brainer until looked further back - if the blue line breaks we have a problem...
Quite a rejection candle there...looks like that was it and we are headed up
Neo has opened above the cloud - travelling through the arc now - expect an upward movement upon exit - Resistance/red bands - Support/green bands
We have a 10%-15% correction coming - then we go and smash another hole in the ceiling
- We need to pass through the arc and get above the strong resistance around 0.00215. If we stay above the blue 1x1 things will go well - If the price can't break through we'll go back down and test the arc again -
Strats birthday is tomorrow - top 10 market cap and the price has been surpressed for some time now - the fib resistance around 0.00236 has stopped the advance twice, lets see if Strat can bust thru this time and head for 0.0028-0.0030