BitcoinLong
BTCUSD Wave Analysis for January 2018 - LONG 5-10% flucts UP
Updated
Wave Analysis of BTC for January useful for comparing with Altcoin/BTC pairs.
BTC drops 8-9% -> BUY ETHBTC - ETHUSD goes up as ETH remains very stable at it's current level of $1000 +- 100
BTC drops 8-9% -> HOLD - LTHUSD is a bit harder to predict, but has remained stable in the short term $275 +- 25. Need to watch near term movement. If stable above 40 RSI hold.
Opposite is true when BTC grows ~8-9% according to recent trends.
SELL ETHBTC
HOLD LTH most likely - sell depending on if support breaks.
BTC drops 8-9% -> BUY ETHBTC - ETHUSD goes up as ETH remains very stable at it's current level of $1000 +- 100
BTC drops 8-9% -> HOLD - LTHUSD is a bit harder to predict, but has remained stable in the short term $275 +- 25. Need to watch near term movement. If stable above 40 RSI hold.
Opposite is true when BTC grows ~8-9% according to recent trends.
SELL ETHBTC
HOLD LTH most likely - sell depending on if support breaks.
Note
For reference red circles are good selling points and green good buying $_$I'm just a beginner so any constructive feedingback appreciated.
Note
*LTCUSD not LTHUSDNote
Looks like 16100 support line is broke.Expecting fall to 14500 levels and bounce back to 18500.
11500 critical support levels.
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