I don't expect BTC to create a new pattern as he did last two/three months, as the price/transaction fees show a high volatility.
The price would goes higher after the latest sleeping market during last July. According to recent analysis made in Japan, there is a considerable rise in new accounts created in exchanges and the wake up of old dormant accounts. I think most of traders had been waiting for the price to breakout the zone of 10.000.
Topic: Are we in a ranging market? - page 2. (Read 305 times)
In short term BTC looks bit bullish.It's actually trading inside in bullish pattern.If it breakout the zone of $11300 then there is a possibility to to touch around $12k-$12.5k.As a result of this it Will overbought & RSI Will be bearish then we might see a correction from BTC.
On the others side if BTC breakdown the 10900 level then we might see a dump around $10500-$10300.Last time BTC was broken the important $10500 level then touch $11500.There was a possibility to retest at $10500 level but it Was just wicked at $10800.
If BTC break the pattern the we may See a pump & it will create a bearish divergence form. If it breakdown then more possibility to retest 10500 Level.Also we might see another volatile condition of Market.So while you are in trading in $ALT Coins must use stoploss.Better not to create new position. Happy Trading Guys.
English Grametical mistakes should be merginable!
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