Ugly downtrend, bounce to support zone with multiple indicators, Fibonacci BUY zone, fractal ray convergences, moving average momentum switch potential.
Total Cryptocurrency Market Cap falling further than last 24 hours earlier now Reversal Higher back above $86 billion. Litecoin performing better then Ethereum or Bitcoin at blog post.
Further analysis, the market action behind the volume in LTC, confirms off hour BUYing with largest volume being transacted LTC/CNY China and LTC/KRW S Korea, ohter Asian trading in top volume as well, volume equaling 48 % of overall.
Poloniex Exchange the Top indicated US market actually shows LTC/BTC as means of funding 8.39 % of overall, then GDAX follows with 7.81 % overall.
Great trading ahead or more pain?
Comments Please?
There will be sluggish movement today with re-testing of lows... https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-26-2017
I predict we stay somewhere in the $2400-2500 range most of the day with any downward movements bouncing off the $2350 mark.
Bitcoin down fractal breakout rally as post reply. TY @hotsauceislethal Reversal still holding. Regular Asian trading time will tell if BUYers take Bitcoin back up above early resistance area as you point out on steemit ♨
Litecoin downtrend fractal breakout update. Live trading as of reply time, LTC trading Asia mkts, Awaiting fractal resistance or breakout. Bitcoin and Ethereum moving back up.
Ethereum Update as of reply 7:40pm MDST Downtrend fractal breakout w Asia trading.
BTC breakout continues into Friday as more exchanges already restricting BUYs & SELLs in Bitcoin until post forking outcome. Analysis of Litecoin trading reveals LTC being used as purchase proxy then shapeshifted into BTC. Direct inverse correlation in LTC/BTC cross as BTC breaks Upward return shot to $2888 🚀🌛
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