1. Tight trading range stalled the BTC price action of the value of the intermediate-term Coin Dip $6300 completion.
2. The coin currently is in a rebound mode of the Coin Dip $6300 - the conformation suggests a slow movement towards Mean Resistance $6870, and mini Coin Rally $6960.
3. The violation of the intermediate-term mini Coin Rally will undoubtedly bring serious of the intermediate-term further bullish implications, while Key Resistance of $7700 is looming above.
4. Current Coin Strategy Bias: Bullish 60 / Bearish 40
Remarks: Currently, the crypto currency markets are in their young phase. We all know this is coming from the proven fact that the coins still haven't decoupled - which means they all move in unison - when one steps up, the others soon follow, no matter the merits of a single coin over one other.
This means that widespread risks to the sector dominate various other concerns. I'm ready for a decoupled coin world where crypto markets can assess each token on its own merits.
2. The coin currently is in a rebound mode of the Coin Dip $6300 - the conformation suggests a slow movement towards Mean Resistance $6870, and mini Coin Rally $6960.
3. The violation of the intermediate-term mini Coin Rally will undoubtedly bring serious of the intermediate-term further bullish implications, while Key Resistance of $7700 is looming above.
4. Current Coin Strategy Bias: Bullish 60 / Bearish 40
Remarks: Currently, the crypto currency markets are in their young phase. We all know this is coming from the proven fact that the coins still haven't decoupled - which means they all move in unison - when one steps up, the others soon follow, no matter the merits of a single coin over one other.
This means that widespread risks to the sector dominate various other concerns. I'm ready for a decoupled coin world where crypto markets can assess each token on its own merits.