sydneyshan

sydneyshan

This indicator can be used as a simple measure of price action tradability. It's an alternative to volume that focuses on the gaps between close and open candle prices. The bigger the gaps, the more spread and slippage you'll get when trading.

sydneyshan

Looking at Litecoin's all time high vs point of control (price range with most traded volume) we may be starting to see what we've been a part of for the past 4 months. Look at those perfect support/resistance lines lining up with the fib levels. Given the weak rally we're seeing on Litecoin at the moment I think we've got a delicious shorting opportunity here.

sydneyshan

My theory here is drops last as long as the shorting build-ups that precede them. Also there is a threshold above which going long is safe. I think BTC has further to fall based on these principles.