So very well folks, not publishing because I was observant and not very sure about some movements, never the less I have some reasons to believe we are in the end of this tragic history that drag the TITAN 70% down. Let me explain... If you see BTC day chart, there are 3 mayor resistances forming since february of 2017 (that time when Bitcoin reached de 2000...
So as I said yesteday there was kind of a bull trap. Indeed ones BTC reached the 0.236 FIB level It acted as a natural resistance, now the 0.5 FIB retracement is the support, a good one it seems to be. So What I see is a wedge forming between the descending trending line, and the ascending trending line formed since the low low at 9500 reached at mid January. So,...
Right now I'm on the edge of my chair, but lets go straight forward.
Last night BTC went for a few hours Rally, but Volume did not support it and falls to the prior resistance at 11700 that is now acting as a solid Support. But! If we see the Support Trend Line and Resistance Level 1 (Blue) and Resistance level 2 they are both creating a wedge, so not so bull...
So, as USDT news come by and ASIAN markets are about to start, last night BTC rally was not supported with enough volume to reach a decent area of uptrend and bulls are trying to defend the 11700 area. This said, XRP right now is facing a known resistance at 0.5 FIB. If, XRP is meant to break the 1.30 level with enough volume, similar thing has to happen in BTC,...
