Hey Steemians, as you may have noticed Bitcoin has broken out of the cloud to confirm that the market sentiment is still upward. On the 6hr time frame, when looking at the stoch rsi indicator we are in the oversold area indicating that a retest of the cloud to confirm it as support would be a healthy one.
6hr:
One of my friends recently told me that Antshares is apparently extremely popular in China, so I headed over to Coinigy to take a look at the Bittrex chart and it looks pretty good to me, seeming like its gaining support for a good break upwards, soon. I haven't yet looked into the coin decently to know a lot so fundamentally I don't really know anything other than 'hearsay' that 'it is the ethereum of China and the Chinese government has already embraced it'. This being said, it took a good retrace from a massive rise up and is coiling up for its next leg. I will set my stop loss at break even (0.000316) once we are trading comfortably above the entry. The 6 hour looks strong with much more potential for growth before any needed breather as indicated by the stoch rsi.
6hr:
On the daily we just crossed on the stoch rsi indicator, indicating to me that the market could very well be ready and have the strength to begin pushing the price up for the next few days. I'd like to reiterate that I feel this is a risky trade, so my stop loss will be at break-even. I'll update you on the project with a post soon!
1day:
I hope you have a wonderful day! Trade safely and move what you can't loose to a hardware wallet for safe-keeping.
Peace, Love and Light.
Mark