"Market is humans in front of screen, or they trade or control trading soft. Most important in trade is - 'human factor". Where market left mark, there acted "human factor".
IF BTC will continued his journey to underground, we will have mass panic and total sale of all alt-coins, here don't have correlations of relations between them, just what people thinks and feels. Lets image that right now have triangle with 'red' resistance bear line, and 'purple' support based on close price. "yellow' is last low touch of candle. i don't like to use candle because they can disinformate. Each of cycle movement get +0.000023-25 (pips) with small step back and new cycle.
Strong Support :
- 0.000051-50
- 0.000047
Strong Resistance:
0.000065
0.00007575-7777
0.00008785
i see 2 way , and depending of situations in next fer hours, can chose which will be more adopted to situation. If add R&S indicator, we can see that 'keypoints' show different numbers
IF BTC will continued his journey to underground, we will have mass panic and total sale of all alt-coins, here don't have correlations of relations between them, just what people thinks and feels. Lets image that right now have triangle with 'red' resistance bear line, and 'purple' support based on close price. "yellow' is last low touch of candle. i don't like to use candle because they can disinformate. Each of cycle movement get +0.000023-25 (pips) with small step back and new cycle.
Strong Support :
- 0.000051-50
- 0.000047
Strong Resistance:
0.000065
0.00007575-7777
0.00008785
i see 2 way , and depending of situations in next fer hours, can chose which will be more adopted to situation. If add R&S indicator, we can see that 'keypoints' show different numbers
Trade closed: stop reached