He had a wonderful couple of days in crypto world. If you look up to the 2Daily chart you see nothing but green and we are nearing danger-zone where pivot is seriously possible. Upon breaking through and retesting, this will obviously be a bullish sign which would need extra time and energy to double check some alts charts in relation to ETH, BTC.D and BTC/ETH. Upon rejection we are looking 2 highlighted areas for possible local pivots, but I lean towards retesting the lows (2k area). We will see how it develops.
My bias is to the downside, and upon getting that scenario, we will have to be extremely patient to find new entry points for macro way up, which is ahead of us (in possibly not so short term future).
FYI: 21 and 35 EMA in red and blue, 200 EMA yellow.
Have a nice day folks.
My bias is to the downside, and upon getting that scenario, we will have to be extremely patient to find new entry points for macro way up, which is ahead of us (in possibly not so short term future).
FYI: 21 and 35 EMA in red and blue, 200 EMA yellow.
Have a nice day folks.
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Opening a cheeky short here. Tight SL
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Holding for now...
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Resistance is still holding strong.