ATOM/BTC Gaining After Strong Daily Candle
ATOM/BTC has seen an influx of some crazy volume in the last two days. Yesterday we saw a candle of more than 30%, today one of 10%. Historically, strong sudden candles like those indicate the reversal of a trend, I've marked a few of those candles on the chart.
Apart from that, Bitcoin seems in a bit of an uncertain situation at the moment. Altcoin btc pairs have historically seen some crazy gains after the initial uptrend of Bitcoin. Maybe we will see a new alt-season soon?
Also, I've marked two areas of resistance on the chart, R1 and R2. Place your targets accordingly. Happy trading!
Apart from that, Bitcoin seems in a bit of an uncertain situation at the moment. Altcoin btc pairs have historically seen some crazy gains after the initial uptrend of Bitcoin. Maybe we will see a new alt-season soon?
Also, I've marked two areas of resistance on the chart, R1 and R2. Place your targets accordingly. Happy trading!
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