The Channel has clearly been heading down but had a sharp uptick today. For now, I'm neutral on it - it'll either head back south or potentially head upwards.
EUR/AUD has been heading down, BUT it sure seems like it's hitting a strong support bottom. I'm not going to make a play until I either see it continue downward or change direction and establish an upward channel.
I believe that Ripple is still going to head south for at least a little bit, but if it stays within the range and closes its gap, it just just head north. I'm not betting on that yet. I'm predicting Short.
EOS, like most other Cryptos seems to have a longer term (I day bars) downward channel. I've sold a lot of my EOS and will wait until Crypto starts soaring again.
I've seen too many top experts fail at trying to predict Crypto using traditional methods. It's just not advised at this stage of the game as there is too much manipulation. Markets like Forex are far better suited. Wait until Crypto has about 10x the Market Cap and try again.
I'm doing some analysis to trade Crypto based on Channel Flows. These are 1 day bars....
Going to try going long on USD/JPY again since the previous position (1 hr) closed so quickly. This is 2 hour bars. Again, setting abort outside of range.
