Saturday Trading and Cryptos Review
Watching BTC for the completion of the head and shoulders top and it is getting closer every day. Keeping everything on a short leash here that are the bullish cryptos I see that might gain against BTC
Too many got the smack down this week and will take time to repair the breakdowns. Watching the short term charts for reversals on the charts that got the big takedowns and watching a few that might break previous highs. Lately, when I see the majority of the cryptos being taken down there is alway one that everyone jumps on for the big runner.
My favorite chart of the day is DASH
DASH
DGB
LTC
NAUT
NAV
NMC
NXT
STRAT
STEEM
BTC
So you predict BTC will drop to USD 1,600. Assuming that'd happen, that's not good news, because altcoins are still strongly correlated to BTC, hence that'd mean the entire altcoin market will move downwards.
not really a prediction but technical analysis, if it completes the pattern to the downside. Patterns do and can fail. We will see. Yes altcoins wont fair well but I will be searching for the altcoins with stronger long term patterns if BTC breaks down.
Great chart analysis.
Done some analysis on some pairs too check it out if you got some free time.