LONG BTC at 8500 areas next week!?
Updated
Hi Guys!
Just want to update my analysis on the W chart for you!
As we see there is going to be a cross of 30 MA and the 89 EMA next week (in the circle).
I played with them and noticed that there is a some huge correlation to the last bull cycle which started in the end of 2015. It could also line up with the 8500 $ area gap closing and the bounce from the weekly EMA ribbon.
In addition it would make sence for the 1,2,3,4 weeks correction or if somebody likes the ABC correction after the grave-yard doji candle on the 1 W chart.
If these indicators all line up, that would signal a perfect buy opportunity for me!
I will watch it carefully next week.
Let's see...
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Just want to update my analysis on the W chart for you!
As we see there is going to be a cross of 30 MA and the 89 EMA next week (in the circle).
I played with them and noticed that there is a some huge correlation to the last bull cycle which started in the end of 2015. It could also line up with the 8500 $ area gap closing and the bounce from the weekly EMA ribbon.
In addition it would make sence for the 1,2,3,4 weeks correction or if somebody likes the ABC correction after the grave-yard doji candle on the 1 W chart.
If these indicators all line up, that would signal a perfect buy opportunity for me!
I will watch it carefully next week.
Let's see...
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Trade active
Looks like we had a double bottom bounce from the 9,1 k areas.Just to much people waiting for 8,5 k areas... Front runned I guess!
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