Daily: Bearish Parallel Channel Shown, Highlighted in Red = Lower Highs, Highlighted in Blue = Lower Lows. Next ideal Lower Low to be formed around $100 zone.
4Hour: Price Action is shown more clearly. Heading towards $100 support zone (*Breakout 12/08/17)
Hourly: Huge Sell Off @ $160, No signs of support found, next stop $100 zone.
Conclusion: The cryptocurrency market is in the midst of a correction. While many are panicking are selling their positions (The Real Losers) the smart ones are holding onto their positions and adding to their bag. The poor man's bitcoin is currently 60%+ off from it's All Time High (ATH). For those wondering if they missed the train this is your second chance. Looking for some consolidation/ranging once $100 zone is reached, followed by a bounce towards the upside.
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Good analysis. Always good to see some analysis for the USD pairing, I usually use BTC. Followed.
I usually do USD, but on occasion use BTC if platform doesn't provide (XXX/USD) pair. Thank you for your support, new video and blog everyday :)
same here man, check out my TA on some coins, if you wanna creep into the shitcoin realm
I went ahead and followed, good trades