First It should NOT break the inclination of HEAD Second, should SUPPORT at leat $6,200 Third, should BREAK $6,700 resistance Otherwise, this overbought only meant to for SHORT the lagged.
The basis looks good but not WELL FOUNDED
In hours bar excpected is a brake for SHORT trend
unless BTC rebound break this downtrend
descending wedge buy-sell-attack-defense observed If rebound occurs, It might be the opportunity for SHORT users to join the market.
More likely no rebound and straight to SHORT NO RUSH.
FUNNY THAT CHART IS ALSO MADE BY HUMAN
Possibility on short volume still low no sign of WHALE'S SWEEP Clear trend of Ascending wedge more beneficial IF market will intend to go down more and more
1. PREVIOUS RESISTANCE FLIPPED TO SUPPORT 2. Volume profile diluted 3. long beneficial proportion gap of loss and profit 4. Ascending wedge yet support not broken 5. Possible double top retracted Thus, betting LONG, NOT BAD AT CURRENT FLOW
How much endurance it has got ?
FRACTAL DIMENSION OF TOTAL COIN MARKETCAP NOV 2018, NOV 2019, AND PRESENT For short term, it MUST strengthen its bottom AT LEAST ONCE For long term, if supports alive, accumulation will be compansated, ie. market fly.
Exchange coin some times inderectly represent the dominance of Market. BNB shows it's not yet, although almost close.
ALT/BTC BUY POINT COMING which means BTC/USDT's about to fall. HBAR is gearing up to moon BUY ZONE HBAR/BTC under 480btc
FRACTAL DIMENSION OF TOTAL COIN MARKETCAP NOV 2019 AND PRESENT For short term, it MUST strengthen its bottom AT LEAST ONCE For long term, if supports alive, accumulation will be compansated, ie. market fly.
Still has Motivation For the RESISTANCE LEVEL AT $ 7,300 above, but it seems to be wise step back and watch. at least, we are already stepped up above the safe line, implying we are in the sell zone, in short term sense. Time to conisider the "past reminding" scenario which is : volumes still low, downward Fractal may occur, rebound failed, resulting in mass loss.
What if a certain fractal repeats ?