Will BTC defy the SPX? Probably not.
Personally I do not want to place a short here despite evidence of 3 higher lows and only 2 higher highs.
If you plan to short, it's a little late. If you plan to long, set your stop loss at the resistance level of ~9000 to ~9100.
Trend line points to bearish activity with the 10k rejection that recently occurred.
Alternatively I do not want to open a long until we reach a price of 8,600 per BTCUSD.
Other thoughts, altcoins boomed last week with MKR blowing up. I believe we are entering another altcoin season which is great news for anyone who has place bets a few months ago.
Personally I'm curious about the REN protocol and made a swap between RENETH.
If you have any altcoins you would like to share, please do so in the comments. I'm curious what my followers are speculating on.
If you plan to short, it's a little late. If you plan to long, set your stop loss at the resistance level of ~9000 to ~9100.
Trend line points to bearish activity with the 10k rejection that recently occurred.
Alternatively I do not want to open a long until we reach a price of 8,600 per BTCUSD.
Other thoughts, altcoins boomed last week with MKR blowing up. I believe we are entering another altcoin season which is great news for anyone who has place bets a few months ago.
Personally I'm curious about the REN protocol and made a swap between RENETH.
If you have any altcoins you would like to share, please do so in the comments. I'm curious what my followers are speculating on.
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