BITFINEX:BTCUSD has shown phenomenal growth since June 12, and has continued to push forward in the past 24 hours. Until we start seeing strong signs of POLONIEX:LSKBTC breaking to the upside, a continuation of the downward trend channel and a test of $0.44 - 0.33 USD is not out of the picture as we wait for the 'Bitcoin Draft Effect'. Crypto Investing #42 - What Is The Bitcoin Draft Effect?
What are your thoughts? Let viewers know in the comments below!
Bullish RSI divergence is apparent on the 1h and 4h. Long from 51k sats. No sooner I noticed this than the price broke out.
coinwatcher
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i think the lowest lows will be tested at some point before an eventual rally in a couple months. ethereum did something similar in its first few months as i recall.
daoist
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great insight, I am considering this as an possible scenario :)