Staircase formation

21 בינו׳ 2018

Not good, bad, very bad. Currently just at the overbought line struggling to keep 380 is not a very good sign at all. The momentum is still leaning towards greater loss I do think we will fall below 0.00000300 so I put my sights on 0.00000200. I haven't fell for any fakeouts and since 0.00000499 that is all we have been seeing. The market is currently bearish and I expect it to be bearish until around the middle of february. Their is space to make a few dollars if you swing trade 100,000 USD worth of SIA however in my humble opinion it's not worth the risk.

Have a nice day.