BTC finally broke out last night from a downtrend going back to January 6th...
And a coinciding noticeable upswing in volume across the market (38.5%) is a nice confirmation...
The next target I'm looking at for resistance and a possible sell is currently around the 12500 level on the downward trendline going back to December 17th.
There could be some resistance at 10k for psychological reasons, or resistance at the 50-day SMA sitting around 11,750 right now. If a bearish scenario occurs and we close a 4H candle below 9500 I'll be looking to 9000, and then 7800 for support.
It's an easy day for me since in my opinion the breakout is confirmed. And there's plenty of distance to travel before my next target, so it might take some time. Just going to join the hodl pack for now; keeping an eye on the charts and news. Currently holding mostly ETH, EOS, NEO, ADA and IOTA.
I sadly wasn't in LTC for today's pump. And I won't jump in now to chase it (that's what I keep telling myself). But it was a great day if you own LTC.
What're your thoughts on the market today?
Anyone have any theories on coins to buy? Is there anything you think might outpace BTC gains on this recovery?
Anyone have any opposing analysis or upcoming resistance levels they're expecting below 12500?
Is it too late to buy LTC? Is the fork even real?
Very interested to hear strategies or opinions anyone's willing to share. It is Valentine's Day after all... and we all love money!
