Yes lads, posted this setup 2 days ago now and it did exactly what we were after,
Really nice technical setup, partnered with good press allowed it to break to the upside nicely and return good profits on longs
Where next?
Of course I would like to see it try and claim the 0.786 but the sell pressure just beneath indicated by bearish engulfing suggests to me that its most likely suitable to close positions
Im looking for it to start trading between these higher levels than the lower ones which we broke out from - fundamentally it is strong so would be good to see this reflect in the price, instead of it just dumping back down to where it came from
Quick side note: BTC does look ropes which will harm altcoins, as there is a higher level of panic in the market, and this is most likely the reason we haven't got to $0.37 yet!
Really nice technical setup, partnered with good press allowed it to break to the upside nicely and return good profits on longs
Where next?
Of course I would like to see it try and claim the 0.786 but the sell pressure just beneath indicated by bearish engulfing suggests to me that its most likely suitable to close positions
Im looking for it to start trading between these higher levels than the lower ones which we broke out from - fundamentally it is strong so would be good to see this reflect in the price, instead of it just dumping back down to where it came from
Quick side note: BTC does look ropes which will harm altcoins, as there is a higher level of panic in the market, and this is most likely the reason we haven't got to $0.37 yet!