$BTC showing signs of strength amid recent weakness
$BTC volume we're seeing here is IMPORTANT. Yes, Monday adds more volume because Futures begin trading Sunday night.
Nevertheless, these are mostly BUYS and the volume is GOOD.
Last week, Thursday I believe, we spoke on beginning to nibble with cash and Friday we ended up using it all on dips we saw.
We also spoke on many #altcoins @ support levels and showing reversals. This was good risk reward.
The Gap up is the 2nd #BTC has shown since Jan & it is in the same area. This is a good sign for SUPPORT.
Contrary to popular belief gaps are NOT ALWAYS filled. They have a tendency but they are not 100%.
Strength here is a good sign amid recent weakness (see bearish crossover recently)
Overall we're keeping tight leashes & remain cautious bull on #bitcoin, which SHOULD bare well for #altcoin.
Nevertheless, these are mostly BUYS and the volume is GOOD.
Last week, Thursday I believe, we spoke on beginning to nibble with cash and Friday we ended up using it all on dips we saw.
We also spoke on many #altcoins @ support levels and showing reversals. This was good risk reward.
The Gap up is the 2nd #BTC has shown since Jan & it is in the same area. This is a good sign for SUPPORT.
Contrary to popular belief gaps are NOT ALWAYS filled. They have a tendency but they are not 100%.
Strength here is a good sign amid recent weakness (see bearish crossover recently)
Overall we're keeping tight leashes & remain cautious bull on #bitcoin, which SHOULD bare well for #altcoin.