Price went down an important support and come back up. This for me is a good setup for go long.
I'm an intraday trader I do scalping. I just use my scalping technique for spot signal on altcoins. I see a good set up on this coin for explode up, Bitcoin seems is waking up, so Is time for buy alt coins.
If pops it will hit the target straight away. They are coming with a trading platform quite interesting.
The Slow MM are pressuring the price. There will be a drop in the next hours very likely to 6000 area. There we will see what happen.
I'm positive on bitcoin I think that it is in an accumulation phase so I'm looking to buy some altcoins. I see this coin has good potential up.
Finally I see the set up that I was looking for turn bullish on long period on the Bitcoin and Cryptoworld. I see that we have a good support, now is time to shop again in the crypto. The resistances will be easily broken and the price will accelerate up this summer, I see bitcoin above 10.000 by august.
Could retrace in green area very likely. After the retracement we will see what happen. I'm not so bearish as before.
Watch out that resistance I see very short set up, especially now that many thinks the bottom has formed and the bitcoin will go up.