Bitcoin has managed to drop to a low of $7900 but has since managed to trade sideways. This sideways trading action might give way for potential alt moves to take place, we’ve already seen some coins make some nice moves and I currently see an opportunity with WABI/TAEL.
In this video I go over what I like about WABI technically speaking as well as what I don’t like. I also address how high we could potentially go, outlining specific areas of resistance I expect us to encounter. It’s important to remember while these moves to the upside are entirely possible, if bitcoin decides to dump further it could invalidate the analysis that I have shown in this video which is why it’s important to define risk to reward.
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