Apr 13, 2019 --- Altcoins
We'll also zoom out to the Binance Coin v’s Bitcoin weekly chart for the first time where we can see that the rejection out of the OTE long zone earlier this week has sparked a bright green SCMR signal on a very bullish hammer candle that is keeping medium-term market structure and multiple levels of dynamic support intact, all of which is encouraging for the bulls moving forward. So are the still rising moving averages and the accelerating volume indications, so perhaps the dip is already over, however, momentum remains overbought and legitimate historical support has yet to be tested in earnest which is why we are staying patient for lower levels before getting active on the long side once again
Medium term Members ProTrade - We will consider a LONG position on a continuation down to the 0.00xxx - 0.00xxx with a stop just below 0.00xxx and a target of 0.00xxx.
Long term Members ProTrade - We will consider a LONG position on a move down to the 0.00xx - 0.00xx area with a stop around 0.000xx and a target of 0.00xx.
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