The current market volatility is beyond my limits and I decided to stay away from it and have some fun.
Yesterday we saw a crazy price action in BTC market and I kicked out of my trades on Binance.
In that time, I kept my eyes on order book and I saw some good stuff there.
Just look at this screen shot:
Whales sitting down there...
This Inverted Cup & Handle pattern is visible clearly on every time frame of Bitcoin, also volume decreasing which is Bearish when price rising.
Possible target is around 6600-6700.
This pattern is visible on many other coins charts like ADA, TRX, XLM, ZRX, BNB,... and even bullish NANO. They following BTC.
As you can see ADA has finished it's long Falling Wedge at very bottom of slope.Now it slides on the ground inside a side moving channel.
In the picture below you can see clearly a strong Bullish Divergence and the change of trend from falling wedge to side moving channel.
I tracked the volume of ADA and in past 24 hours it decreased by 850 BTC but the price...
Who will wins the battle, Bulls or Bears?
Bulls are very strong right now, they made a green week of life for Bitcoin. They destroyed the great wall of Bears at 6800.
But they now must to destroy 3 new great walls. First the resistant line at 7700 then those 2 trend lines.
If Bulls win this battle it's very likely to see a new Bullish trend to much higher...