Propy just got listed on Bittrex and has been dumping ever since, we have seen some more accumulation bullish volume at what seems to be a temporary bottom.
NEED MORE VOLUME to decipher direction.
Chart speaks for itself, positive volume coming its way.
Needs more volume to push to new highs though. Lets see if it can catch it. I am very long on SONM as this project fundamentals are very solid.
Critical Time for Bitcoin!!
What we have in this analysis is a very simple setup:
First we have a linear statistical regression drawn from the top of the previous high all the way to current price. After using this tool, I was able to change the colors to my liking and have a nice look channel.
Second, there is a Fibonacci retracement from the previous tops to...