We do see the "chance" for an upward move approaching in the near future. Will that upward move be a significant move? The indicators in the 4-Day and Weekly do not think so. Meaning, I do not see us continuing up to test $6,000. If we do go up, I see us only testing Resistance once again at the $4,000 price level. We may reach or go near the $4,000 price level by March 6, 2019 before we see a reversal to downward pressure. At which time we will continue down to Test Support and potentially establish what price point the Upper Boundary of our Support RANGE will be.
評論
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Not a good sign currently with most of the AltCoin/BTC pairs slowly dumping for BTC.
Please take a look at our BTC chart and leave your comment. Thanks.
WyckoffMode
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@safesignal,
Yes, I can agree with that. Hence, the reason for the emphasis with the word "CHANCE" in quotations.
TEDtrading123
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Hi David, top content as always! Are you looking for support at the upward sloping trendline that we have bounced off twice (3450 ish) or the w 200sma ?
Thanks
Wisegates
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Temporary upward pressure present for LTC as well Sir?