BTC
We?ve seen the increased volatility that patterns called for in our last post, but so far it?s been a headfake down for BTC then right back up above key $3500 support. It?s possible they?ll just keep playing games with BTC around the $3500 level?
BUT NOT PROBABLE
The weekly chart for XBT shows a bullish pattern that is due for a move higher ?however the daily chart shows a different story if we close lower today. All this uncertainty usually means a BIG MOVE is near.
ALTCOINS
Large altcoins like ETH, XRP and EOS continue to be at the mercy of BTC with similar patterns. We?re watching TRX closely has there has been good news and the chart is slightly more bullish than other large alts ? no high prob NEW trade or add to positions as we post this – prior trades are still in play.
On the other hand midcap coin WAVES has such a bullish chart it looks like it wants to take a run at BTC ? certainly a safe trade opportunity but as we note on the chart ? keep BTC in mind in all trades until something changes in the crypto market.
