Quick update with NCASH/BTC on the 4HR
As you can see it's pulled back 50% on the Fib Retracement.
RSI is irrelevant here because the MACD is still showing downward momentum so the selling hasn't finished just yet.
As far as the Volume goes, the buyers haven't gotten a good foothold yet. I'd like to see at least 1 or 2 good volume bars and candles on the 4hr before buying back in.
These are the support levels that I'm monitoring. If you DO want to get in, set your buys in around those support levels because that is where you will get the most bang for your buck.
The 10 and 30 day EMA are still playing catchup. Those are other indicators for me that will show a change in momentum.
***Personally, I'm staying out until BTC recovers and starts to pick up some volume. If you stay in alts there is the possibility that you will lose sat value if BTC drops even more. We will know for sure by tomorrow morning. ***
As you can see it's pulled back 50% on the Fib Retracement.
RSI is irrelevant here because the MACD is still showing downward momentum so the selling hasn't finished just yet.
As far as the Volume goes, the buyers haven't gotten a good foothold yet. I'd like to see at least 1 or 2 good volume bars and candles on the 4hr before buying back in.
These are the support levels that I'm monitoring. If you DO want to get in, set your buys in around those support levels because that is where you will get the most bang for your buck.
The 10 and 30 day EMA are still playing catchup. Those are other indicators for me that will show a change in momentum.
***Personally, I'm staying out until BTC recovers and starts to pick up some volume. If you stay in alts there is the possibility that you will lose sat value if BTC drops even more. We will know for sure by tomorrow morning. ***