cryptoGats
Giá lên

It is time to make a choice.

BITFINEX:BTCUSD   Bitcoin / Đô la
For a few days now I've been alone saying that the bear sign are being wiped out little by little. There is nothing here that says bear market. At the 1 hour candle we see a bull flag with the 50 day moving average (the red line) acting as support and guidance. Also the RSI looks about right and the MACD is making a bullish crossover above the zero line, all good signs. At this point I will start going in from cash and start buying BTC             very cautiously. Also check out my twitter feed @Cryptogato1 to see the list of solid Alts I will post. I would very slowly start buying into them, they should be held for long term, buy and keep for a while. These are alts that will appreciate over the year because they are crypto from solid projects with solid teams.
For me, the fact the volume is so low is alone a reason to see that we are going down. That tells you alot.
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CynicalNick AsmaHassan
@AsmaHassan, but can’t volume increase in size very rapidly?
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AsmaHassan CynicalNick
@CynicalNick, when bulls are bulltrapping us then yes and also wen we have extreme Oversold situations we could get a good bounce. Some professional traders rely only on Volume and OBV as their main indicators for even RSI has its lags. I would stay away from trading BTC when volume is very low and it has been for nearly the whole day and even if we don't have an oversold bounce i would be sceptical about how strong it is. weak bounces can be tricky to exit aswell. i expected this drop and hence i stayed in tether for this purpose.
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AsmaHassan AsmaHassan
@AsmaHassan, i meant to say "even if we do** have an oversold bounce"
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