Once again XBT proved a vital indicator as BTC tried to fill the gap (see chart below) ? could not do it, and dropped back down near 2018 lows that XBT had not tested.
Now that XBT dropped, can we move higher? BTC says YES (see chart) XBT says ? ummm maybe not ? but that doesn?t mean we won?t move higher FIRST, then come back to retest the 3500 range lows. XRP (see chart) says edge to BEARS. BCH SV says MOON but BCHABC chart says bears have the ball.
Get the message? There?s some bullish signs but currently no clear trading edge and until there is the edge is WITH THE BEARS.
Doesn?t mean you can?t make a safe trade on BTC if you must ? that?s also laid out on the charts below ? and, as we?ve seen for the last 2 years, if BTC decides to move higher, most other bearish patterns fail ? but whatever you do, for now STAY SMALL AND DEFENSIVE or STAY ON THE SIDELINES – that?s the best way to stay SAFE AND PROFITABLE in a very dangerous market.
