ALTCOIN SCOREBOARD - For now only long time investments are better calls, swing trading is hard this coming week or 2
4 BEARISH
3 NEUTRAL
3 BULL
This means ALTCOINS Are just as likely to rise as they are to fall currently. I Use ETH, ADA, NEO, ARK, NANO, EOS and ICX as main indicators, if all start an uptrend, you can be sure of a general altcoin run up against BTC.
But currenly with BTC gaining strength, the general bullish sentiment has lost its strength making its very hard to call a short term altcoin long position. For short term trading, im currently consideing to push back to btc, if it gains momentum, it tends to hurt altcoins in the short tun (if compared to btc value).
Not Financial advice, doing it for fun have a good one.
#ADABTC still hasnt broken the support line
#Sign Bullish/neutral
#NEOBTC Broke Support Line slightly -
#Sign: Bearish Sentiment
#EOSBTC Broke the new trend support line - looks like it will target the long term support line
#Sign: Bearish
#ETHBTC Still in the middle of the run up
#Sign: Bullish Sentiment
#ICXBTC still in bear pattern, may break lower
#SIGN Bearish
#ARKBTC Just broke long term 4hr Support - its still in the Recovery Zone
#Sign Bearish to Neutral
#NANOBTC Still in the middle of the 4HR uptrend Channel
#Sign Neutral to Bullish