Ouch. Misread the charts in my last piece - was focusing on this perceived horizontal resistance:
... but 20/20 hindsight shows this ascending variant was actually in play:
The rejection from 10K was pretty damn vicious with BTCUSD taking a beating all day yesterday and again this morning in early Asian trade:
We're now in a sticky situation where we have the larger Inverse Head and Shoulders pattern signalling a bottom and the Rising Wedge suggesting a move lower. We're into the wedge bottom now and it's still very wide so my preference remains higher, but be prepared for anything ...
On a more positive note, EOS is holding up like a damn boss:
Have to look at the strongest ones showing relative strength like EOS! They will be the ones to go more when the market strengthens again
Couldn't agree more - when markets move in unison, strong vs weak analysis is king.
agree with you.
Where will we end up, I was hoping for $10k this week. SEC hearing tomorrow is definitely having an impact.
It's going round that the "SEC hearing" was fake news
Good content friend, excellent graphics, I support you.
Eos looks more likely to break down
bur durmp