BREAKING. FOR MORNING READ AND INFORMED DECISIONS.
Where is the Crypto Market going today?
Yesterday, we saw the rest of the market lit up. Perhaps, all the coins where following BCH who over the past 1 week is up 22%. We saw the coins shoot up, especially XRP who went up more than 5%. Coins such as BAT or BRAVE who had been accepted for addition to Coinbase would usually not be up 8% on the day.
The rest of the market, Monday 5th of November decided to surprise us all. Usually Monday’s in Crypto are reserved for a neutral day or a large dump known as Bloody Monday. However, the entire market spiked up more than 8% on average. The larger coins all decided to move, most notably included ETH and XRP, XRP who saw a 1/4 increase in their volume or $200Mn added to their volume.
Where is Bitcoin going today?
What is the Bullish Bias?
- On the higher time frames, the three little soldiers can be found – this illustrates a bullish reversal.
- Nouvive Research using historical data has found that the three little soldiers usually indicates in Crypto that BTC will surprise us all and see a massive 1-3% increase.
- Volume is slowly being sucked dry or decreasing – therefore illustrating we will see an abnormal pump in the market today.
- RSI Stochastic is showing that a dump was rejected – instead it has reversed crossing over illustrating that it will seek to break $6500.
Nouvive does not see a bearish bias today.
On that basis, a $6500 close for today will give an incredibly bullish/positive momentum for the rest of the market today.
Nouvive sees trades in other coins such as EOS, TRX and EOS to make the most out of this up-coming Bitcoin pump.
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