We hit the 20 dma on the weekly as you can see on the picture below, so we're staying in the upperside from the bollingerbands.
We're also holding the trendline after a few fake breakouts as you can see on the daily, this comes together with .618 fib
Okey the hype might be over, but we all know crypto became mainstream last year and there is so much demand for bitcon. It may go down towards 8000$ maximum but probably not. We'll be heading for new highs within a few months. And even if it corrects more, don't panic. In history the cryptomarket went multiple times -80% before it came back ;)
We're also holding the trendline after a few fake breakouts as you can see on the daily, this comes together with .618 fib
Okey the hype might be over, but we all know crypto became mainstream last year and there is so much demand for bitcon. It may go down towards 8000$ maximum but probably not. We'll be heading for new highs within a few months. And even if it corrects more, don't panic. In history the cryptomarket went multiple times -80% before it came back ;)
Note
wait for a confirmation (bullcross on the Stoch RSI + breakout on volume)Note
Had a bearish signal with the engulfing bearish candle on the daily and the Macd had its first bearish cross since july 2016, will probably go lower towards max 7500-8000$ On btckrw chart max bottom wil be around 91.800.000Will update charts later
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.