BTC: Tightening Equilibrium
Technical Charts for BTC are moving into a tightening equilibrium pattern on 4hr and 1hr charts with lowering volumes. This indicates a breakout is imminent in next 24 to 48 hrs. It can breakout in either bullish or bearish pattern but since the equilibrium is forming above mean, it is more likely to break bullish. At this point it is not advisable t o enter a trade.
Disclaimer : Only invest what you are comfortable to lose. This is true for any investment. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely your responsibility. I am just a guy with an opinion like everyone else on the internet.
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Great Analysis @mightypanda I agree. Personally waiting for an hourly close above $9,315 for an aggressive entry. Another entry with a 4hour close above $9,400. I just posted my analysis as well, If you have time feel free to check it out. Thank you for your time, keep up the good work :)
I agree with your analysis. Trend has changed but we have moved to alt cycle thats why i moved all my assets to alts.
I agree i have also moved about 85% of my portfolio to alts :) Altcoins 2018, BTC 2019.
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appreciate it. thanks