Potential long coming off strong resistance levels, looking for bullish evidence over the next couple of hours. WARNING this is dependant on how the Asian market responds to the "Conflict of interest" news release from yesterday.
Just took a quick look at my NEMUSD chart. Looks like NEM is on the move today, slight higher high. A bit of volume in the market. Its currently sitting beneath a solid management zone. Keep an eye on this today
We have had a huge sell off over the last 24hrs, now BTC is pulling lower highs and lower lows, meaning we could be going into a downward trend in order to build more momentum to push through and stay above the 10500 level. This is basic supply and demand.
Declaration is something every trader should recognise. Its where you assess whether you are going to stay in or exit your trade. If the later happens we then wait for Bullish or Bearish confirmation depending on the trend we are trading.
Back test and look for deceleration around the peaks and retraces of trends, make sure you are trading with the trend.
Ethereum looks like its on the move again. We still want to be seeing a close in the purple management zone or above to really cement a good bull move. It would also see the end the of the previous consolidation period, since reaching the most recent all time high.
We are currently waiting for price to breakout of this previous management zone that price has been bouncing around in, on and off since the 21 Nov. I would like to see a strong Bull candle breakout and close above this zone before i look to enter.
Price has broken through and closed outside of the triangle. Im not in this trade. Im just pointing out that people do and can trade against the trend of the market. For me BTC has to much volatility, which is usually a good thing! However we can clearly see people / investor groups manipulating BTC on a weekly basis. So in my opinion i don't trade against the...
This is my top pic today, Power ledger are set to release a press release that they have signed a contract with the Thai goverment.
This is also a great option to go long and stay long on over the next 6 months. POWR are set to do some pretty amazing things, I believe they raised 34mil on the pre token and main sale.
It is also the first crypto currency the...