What I'm seeing:
1. low volume
2. Horribly constructed, early boundaries of possible triangle or pendant formation(s) - bullish patterns (I have white lines showing a triangle and pendant - both are awfully drawn)
3. Chop
My action: Holding (as usual). Not buying anymore.
Long term Bullish, currently Neutral, as in no action except monitoring.
What I believe:
August is the lull prior Sept - banksters and Congress on vacation - BTC has a lot of room to roam, with making any committed move.
We are in a tactical pause in action.
1. low volume
2. Horribly constructed, early boundaries of possible triangle or pendant formation(s) - bullish patterns (I have white lines showing a triangle and pendant - both are awfully drawn)
3. Chop
My action: Holding (as usual). Not buying anymore.
Long term Bullish, currently Neutral, as in no action except monitoring.
What I believe:
August is the lull prior Sept - banksters and Congress on vacation - BTC has a lot of room to roam, with making any committed move.
We are in a tactical pause in action.