SkyRock Signals

​​#Analysis

#BTC

After today's pump it seems BTC feels confident for a growth wave and the price goes to the resistance level of $6987. At the moment the price is near with the bottom of the ascending wedge and bounces to its top. Reaching the strong resistance of mentioned level can finish the pattern and the price witll significantly drop, however it is still possible that BTC will ignore this formation like many times before and will be suddenly pumped again.

We do not recommend to open any new Short positions at BitMEX now as it is too risky BTC moves up in a sudden manner with series of pumps. The previous position was opened just before sudden BTC pump, however we managed to compensate it via new short position before subsequent price decrease and the deal was closed at the breakeven point.

Alts negatively correlate with current BTC movements the highest growth at the whole crypto market belongs to DGB it is 12.8%. Like 3/4 of Alts decreased their value during 24 hours. We are in a search of a good moment to open a series of profitable signals like it was a week ago. We provided 12 signals and 10 out of them brought like 20-30% profit, only 1 was closed via stop-loss and 1 at the breakeven. We believe quality is better than quantity, so, please, be patient.

Sincerely,

SkyRock Signals team