We hit the downward solid trendline and resistance area previously noted. Always watch my trendlines as they statistically hold as support and resistance levels. Not because I am a genius, but because these areas are used when programming trading bots and used by people like me to enter and exit a trade.
There is nothing special here but a move with the broader market. it's tough to call the Alt-Coins because they are so heavily correlated with BTC and right now "THEY" desire to see BTC up in the 4k region, so the Alt-Coins must follow.
Set your alerts, take profits when applicable, and dollar-cost-average into every trade! Let's see if the primary dotted trendline becomes support again before we make a call on this one! Stay-tuned!
Good luck and happy trading.
Biff
There is nothing special here but a move with the broader market. it's tough to call the Alt-Coins because they are so heavily correlated with BTC and right now "THEY" desire to see BTC up in the 4k region, so the Alt-Coins must follow.
Set your alerts, take profits when applicable, and dollar-cost-average into every trade! Let's see if the primary dotted trendline becomes support again before we make a call on this one! Stay-tuned!
Good luck and happy trading.
Biff
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