Quote from: figmentofmyass on October 28, 2018, 11:32:18 PM

Quote from: Tzupy on October 28, 2018, 01:21:54 PM

In the 6h and 12h time frames, the Bollinger bands are very tight, also PSAR flip may happen very soon.
So a move can be expected very soon, with a bearish bias IMO (12h PSAR may flip to bearish), although the local EW structure looks a bit bullish.
It is very annoying that coinsight is down... In such times of decision, the bid / ask ratio could help predict the outcome... Roll Eyes

short/long ratio on bitfinex is bullish. shorts are still much higher than longs, which means more fuel for an upside breakout. the ratio looked more bullish a week ago though.

as the master pointed out some time ago, the $6000-7000 range still looks like an accumulation level. between that and the commitment of traders, i'm slightly bullish. but from a TA standpoint, i'm pretty neutral. just waiting for a breakout. Lips sealed

AND we got a falling wedge on Bitfinex + Keltner channel squeeze.

BUT Weekly volume is close to historical low for the last 2 years.

No volume = no signal.