CLOAK COIN / BITCOIN
Wanted to just share my view on CLOAK/BTC someone asked me a time ago about my opinion and since then I had this chart open but never analyse it until now.
At the moment we are in buyers territory, buyers came in aggressively and created a breaching point (the purple line), the guy who started it all is in the white circle. However, if we look at the momentum of the sellers, they are gaining momentum you can see in the dotted line the miniature sellers territory we have. At this moment both buyers and sellers are fighting for the ball.
As you can see buyers attempted to do challenge the sellers (yellow circle) but failed thus the dotted line is extended. I will be watching the sellers carefully.
At the moment I would not recommend a buy or a sell, I would recommend a buy only if our miniature sellers territory becomes a miniature buyers territory and we will have a miniature buyers territory in a overall buyers territory.
At the moment we are in buyers territory, buyers came in aggressively and created a breaching point (the purple line), the guy who started it all is in the white circle. However, if we look at the momentum of the sellers, they are gaining momentum you can see in the dotted line the miniature sellers territory we have. At this moment both buyers and sellers are fighting for the ball.
As you can see buyers attempted to do challenge the sellers (yellow circle) but failed thus the dotted line is extended. I will be watching the sellers carefully.
At the moment I would not recommend a buy or a sell, I would recommend a buy only if our miniature sellers territory becomes a miniature buyers territory and we will have a miniature buyers territory in a overall buyers territory.
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