Bitcoin and the Euro Daily Chart Booms & Busts? [BTFD]
Updated
As bitcoin is traded in EURO now quite a bit more thanks to many EUR and crypto friendly banks on the continent.
Been seeing some bigger ranges on the BTC/EUR pair
put in some supply and demand zones and use the fibs for further targets
we just blew thru the RSI overbought and will carry on up to a possible high of 8300EUR if it breaks current resistance at around 6600eur if we do break up and out to these levels im expecting it to come back down in correction to the previous lows of 5,000-5,200 and rebuy into the btc profit cycle there...
Price action has put us up into the 3:1 area of the Gann Fan, again a bullish sign if it can stay up in that dark blue area
Cycle of Power indicator is well bullish too, so expect some gains and take profits where and when u can, no reason for losses from this...
Been seeing some bigger ranges on the BTC/EUR pair
put in some supply and demand zones and use the fibs for further targets
we just blew thru the RSI overbought and will carry on up to a possible high of 8300EUR if it breaks current resistance at around 6600eur if we do break up and out to these levels im expecting it to come back down in correction to the previous lows of 5,000-5,200 and rebuy into the btc profit cycle there...
Price action has put us up into the 3:1 area of the Gann Fan, again a bullish sign if it can stay up in that dark blue area
Cycle of Power indicator is well bullish too, so expect some gains and take profits where and when u can, no reason for losses from this...
Trade active
sorry forgot to add the suppy and demand zones (in yellow)
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