Fellow bag holder patiently waiting

I really doubt we will see any significant price movement until April or May. I believe we will stay in this support zone until overall market sentiment changes.

The RSI on the daily is giving oversold signs so we could see some retest of ~.26 levels in the near future.

We also could always go lower but I think we would need something really bad to bring us below .18k sats.

Overall I'm gonna hold this bag for these (speculative) reasons:

I've noticed that ADA and IOHK are working close with the ETC team. This can be shown by the Daedalus Wallet preparing to accept BTC and ETC in the near future.

Also with ETH shifting to POS there will be mining companies looking for something new to mine. Will that be ETC? Who knows...

This is only my second published TA so please commit what you think and if I can improve anything.

Thanks for reading :) and happy trading

Commentaire:

Just keeping an eye on the resistance levels of ~.0026, volume, and the triangle filling out. RSI is still oversold. I think the most important thing to watch right now is BTC price. We won't see any significant movement until the market sentiment changes (for more than 6 hours).

Happy Trading