SUMMARY

1st Blood (1st/BTC) coudl be finishing the basin phase where price pretty much crawls sideways and near flatlines. Such is the way Altcoins correct and this usually generates the rounded bottom pattern. Given this 3 month plus correction, the wxyxz blue labels appear to be nearly complete. The right wall of the pattern needs to be build and from mid to end of April to July or so; an impulse should put that in place.

The sub daily chart shows that common symmetrical triangle pattern in the MACD. It's coiling and has nearly reached the apex. Given how narrow the blue contracting lines are, MACD is almost zero mobility left to enable price movements. It's during such situations when breakouts occur. Would this be the ideal time to be accumulating or take SELL actions?

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