I got the volatility right with my call, but not the direction with my last call. The next test for Bitcoin now is around $8700-$8900 depending on how fast it advances. That's the resistance line formed from the December 2017 top.
One chart and crypto I like is Decred. It's been a pretty reliable indicator for the overall crypto market because it hasn't seen as much speculative fervor. It is right near the top of its descending channel indicating a pullback could be coming for cryptos. Decred isn't leading the market though; if Bitcoin breaks out I'd expect Decred to follow. But if the market hasn't changed its character, the Decred chart should keep its predictive ability.
Year Twenty Begins
-
FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
No comments:
Post a Comment