BTC is still ranging in a not so tight range, seems like some form of consolidation on these levels, trying to drop its RSI without losing too much in price.
I am of the opinion that BTC needs a clear strong break above the red arrown line ( above $7700 ish) and not close below this level to turn bullish.
If BTC remains under $7400, my opinion is there's still...
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Since the last post where I mentioned LTC might "possibly" be going much lower to the mid 40's, it made a nice bull trap and went down about 15 % from there. I did mention there could be a few bounces here and there. The sentiment looks bullish...
Its clear on the chart. possibility that ltc might be going lower to the $40 - $50 region based on past chart.
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Note: THis is not a financial advice. Just my opinion on what I think and shared just for record purposes.
It appears we might be having a big run up if BTC price follows through upwards over the 9500 (red line) area towards 9800 - 9920, thereby creating what appears to be a bull flag.
Another range trading will then be within the flag before it shoots up but if goes down below the 9200 without hitting the 9800 area, I would assume that move invalidates creating a...