ADABTC made a small inverted H&S pattern, with the head around 11th Dec, then broke the neckline of a larger inverted H&S on 21st Dec, worth noting that the right shoulder of the larger H&S is a bit dodgy. I beleive it may be a little early to call for a full reversal as we need to see follow-through on the higher timeframes. The fibonacci fan and trendlines should give a good indication of support and resistance on a local level.
Not intended to be financial advise, not an expert. Biffy
Thumbs up on the higher timeframe confirmation. Too many people get overly bullish on small timeframes.
Biffy
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@CryptoZenSamurai, Thanks! I know what you mean, I do usually prefer watching the higher timeframes to try and get that macro perspective :)
CryptoZenSamurai
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@Biffy422, Watching this trade closely. Identified it and entered around 945, would have probably entered earlier had I noticed. It's doing some interesting things but so far remaining bullish. We will see if it holds the trend if BTC pumps or dumps soon.
@CryptoZenSamurai, That's it, if BTC can remain above it's 3k to 3.3k support then i think we might see a shift in momentum for the alts, say if ADA breaks 0.0000130 by the end of January 2018 it could spark a much larger rally. 945 was a nice entry point, I havenet entered ADA yet, going to see how things with BTC play out for now.