NANOBTC

As of now the bias across the board on ALTBTC pairs is bullish and is indicated on the most recent video on youtube (youtu.be/OUoq1mqaZFQ). As of now a new weekly candle is going to be starting which will determine the probabilities for making either a short or long trade. As of now there is no obvious long positions that have a favorable RR ratio for futures account however my bias is long to the point of initial divergence which is one of my rules indicated on the chart. If the week starts on a bearish note that only means that it is saving its RSI strength for the end of the week much like it does on the 1&4hr charts on MANY different pairs. We must just apply the same market theories that we see manifested regularly on the higher time frames and apply them to the daily and weekly charts. This is why its important to know how and where things start relative to previous price action to be able to map the markets as indicated here. That being said I dont see am immediate obvious futures trade but would hold the "physical" just in case the dominance is indeed ready to take a dump. Its going to be an interested next couple of weeks in the alt market if my bias is vindicated. Check back in several days and comment to see if the bias was correct and how accurate the mapping was.
God Speed Gents,
Mr. Manbearpig

Commentaire:

Weekly Market Wrap Up:

youtu.be/QCPKUmgB