We wanted to share an update of the MONTHLY chart or BTC as we feel that offers the most useful trading information given BTC’s recent price action.
DID WE MISS THE BIG MOVE YESTERDAY? HARDLY….
Our last post indicated that BTC has led the entire crypto market into a “breakdown” phase where price has fallen below key levels — increasing volume is an indicator that it’s not time to “buy the dip” just yet.
What happened yesterday in the crypto market was a great example of the power of patterns to help you make trading decisions.
Some subscribers wondered where our flurry of posts were when XRP and XLM spiked 20-30% last week.
As we continue the waiting game of BTC’s long consolidation pattern, we are looking for clues that can help us trade the next BIG MOVE (yes there will be many more big moves for BTC and altcoins — if you’re getting frustrated – they’re winning….).