ETH, BCH, LTC have all fallen to or below 6/2 minimum already
The pattern of all major cryptocurrency is clear, BTC has not yet gone that low and it is strange as I think BTC leads the others, doesn't follow much. Yet I guess we are going down to that minimum. Unless whales want to play FUD and FOMO for bulls and bears respectively and half the way they will print a major bounce. For the moment, better to hold the BTCs and wait, unless a channel is seen for a small double top, to make a 1% profit selling close to the second top and buying close to the lower part of the channel.
I am starting to think that TA in such a non regulated market makes not too much sense, it is the big players playing the small ones only to extract money. At a certain point they will have extracted all the blood they can and they will be forced to give a big, big rebound to attract new investors.
Just an idea, no intention to give recommendations as I am a noob.
I am starting to think that TA in such a non regulated market makes not too much sense, it is the big players playing the small ones only to extract money. At a certain point they will have extracted all the blood they can and they will be forced to give a big, big rebound to attract new investors.
Just an idea, no intention to give recommendations as I am a noob.
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