STEEM has had a great rally this past week, with BTC rallying, Its time for the alts to consolidate and bottom out before the new alt season. STEEM is expected to fall back to the 33-35k sats support region before its next rally.
BTC is on the verge of making a historic run breaking the 2000 USD psychological barrier with an expected high in the 2200 USD region before a consolidation back to the 1600 USD region. There is expected to be a huge influx of 'New Money' coming into the Crypto Sphere.
AMP has been in accumulation mode for some while. Only a matter of time before it starts in parabolic journey back to its Initial Coin Offering price of 45k.
Ardor has been following an exponential range the last few days and is expected to continue rising crossing its previous resistances. It can be expected to rise to 2.5k sats before any correction.
LTC is on the verge of a SegWit activation and has been highly bullish over the last week. I'm expecting a major upwards rise with targets of:
1) 11.42
2) 12.34
3) 14
Bitcoin
CMP - 896
Here, I have drawn the important lines.
Now trade their support, break and retest.
Have a specific strategy of position sizing and stop loss which suits your trading plan.
Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 hours.
Thanks.
