Mixed Signals Worth Watching

There are multiple patterns and indicators on BTC, ETH and ETC that say we might be seeing at least a bounce ? and possibly more?

Mixed Signals Worth Watching

There are multiple patterns and indicators on BTC, ETH and our latest trade candidate (ETC) ?see charts below ? that say we might be seeing at least a bounce ? and possibly more?

HOWEVER

As all good traders know, there is nothing more important than PRICE and that headfaked higher during the weekend and has now pulled back.

XBT still has that double gap pattern so serious caution needs to be used in all trades ? especially long trades ? but short sellers should be tightening stops as well as we?re no longer dropping straight down every day and that means SOMETHING.

The key numbers to trade around are pretty well defined ? we?re watching volume to see if any big move from here is REAL or more likely another headfake.

SAFETY FIRST ? still the best trade strategy ? very dangerous market, but safe trades are out there?.