Today you see that just moments ago as of writing this at 8am Los Angeles time we attempted to close the 4hr candle above the I draw in as the bottom green line but failed to do so within the last 10 mins of the candle and hour closing.
I continue to be longterm on btc but she is acting as if she really wants to breakdown. Again, my largest holding is btc but for the long term, not a good trade opportunity in my opinion.
My trading account is currently all cash and I am looking to play an oversold bounce using ltc COINBASE:LTCUSD
I will be watching bitcoin , and when it looks like she wants to raise I will play the bounce in bitcoin using litecoin. Litecoin seems to have a better setup and should gain on btc on any oversold bounce.
Good luck to all BITFINEX:BTCUSD