Hello guys, today let’s look at different perspectives and try to predict what could happen next for . Also I do not personnaly trade , I don’t like how easily price is being manipulated by whales who trade using huge leverage on a low market, so I rather trade altcoins. You can check my profile for more altcoins ideas.
So in this main picture we see moving inside a descending . But you know that when we can easily draw a channel that means it is not viable anymore, so it will break soon. is quite low. is oversold but could go lower so we will wait for a bounce before joining the bulls.
We see in these last days on BITFINEX (this is where the whales are moving the price with margin trading) that more shorts are being opened and I expect it to continue this way. This is quite a sign because more and more people are betting that price will go down.
Moving to , my guess is that it’s going to . indicator is all red. The line is moving away (to the downside) from the signal line.
To sum up, unless we see some serious move to the upside, divergences or such, we see drop further below to the 3k.
See you next time and thanks for the feedback if any !
Published at Mon, 28 Jan 2019 18:07:54 +0000
