This is my first post in Steemit!. I would like to share with you guys, my VEN/BTC analysis.
-Purple arrow: if candle closses above the channel and the blue resistance.
-Yellow or green arrows: this option is more likely. With BTC dropping, is more complicated for the alts to go up. I think the 5 Wave estructure has been already completed, so now it's time to a Wave 2 of a higher degree. So, it must go to 50% fib retacement at least.
Indicators in high timeframes remain in free fall.
THIS IS NOT A BUY/SELL SIGNAL, I'M ONLY SHARING MY THOUGHTS
Be carefull trading and do your own research to take the last decision.