Market recap
BTC is ranging today between 8400 and 8600. After correction from 9400 to 8200, this was expected and shared by our team. This retracement will show us power of bulls. In our opinion, the highest point this correction can reach is 9100. We do not expect to see BTC above this level according to current situation. If we get new signs that will indicate higher retracement, we will inform you on time.
We are currently out of position and waiting for market to show us clear sign of next move. Days after big moves are always unpredicatble so it is good to avoid trading especially margin trading. The only thing that you can try is trading scalps. Scalps are small trades that are making you small profit. Taking swings are not suggested because there is no clear sign at the moment! NYC Consensus is close so unexpected moves can happen anytime. In our opinion it is better to stay away from margin trading today.
Some of ALTs are coming back so that's ususal thing to expect when BTC is not making big moves. It feels great to see that our siganls on ICX, TRX are not going down. At the moment ICX is above buy area, TRX was in buy area but it is not out of buy area too. So, it feels great to share signals that are immune on corrections. TRX made nice correction that was great opportunity to buy more but it went back quickly and it is now above buy area.