Medium Term Time Horizon
Quite a struggle over the past 48 hours and some profit taking most likely the driver behind a successful weekend from the bears. Stoch RSI hovering around .2 level I am interpreting as sellers running out of momentum. We appear to be in early stages of consolidation around the $14.30 level which has me expecting bullish moves early in...
Technical View
LINK has a crucial moment approaching with the 50 MA bouncing or falling through the 200MA.
Macro View
I am taking a neutral position in the trade for the time being since I take the view that uncertainty in the equity markets will lead to contagion in crypto. The bull case for equities is for the passage of stimulus or a Trump win while the...