joaquinnunez

joaquinnunez Updated 

This is the movement i've been waiting, alts tried to break above resistance, and were rejected. BTC is also struggling at the moment. The most likely scenario for me is going south. I'll look for entries.

joaquinnunez

Alt market cap (in BTC terms) has been in a downtrend channel these lasts days. I'll keep an eye if it breaks up or down. There was a big wick down, that might be a bear trap, or not. I'll just wait and follow the trend. Volume is decreasing and candles are at resistance, that would suggest shorting, which could be the obvious trade, but, again, I'll just wait for...