BitcoinLong
BTCUSD perspectives
Updated
Hello!
At the moment we`re facing some resistance at 16500.
And the reason for this may be this things:
1.some divergence on rsi at 2h
2. appearing head and shoulders at 1d
3. holidays?:)
About rsi. On the picture you can find an anology with 2017 autumn. So i expect the pull back towards 14k level to make the bull formation at rsi and continue the uptrend. Also, i see the possibility to go at 11k, however this will break the parabolic support, and it should somehow affect the trend. i think its just going to slow down, but will not be broken. Anyway, the time of constant monitoring continues.
And after that we`re ready to face new highs. The first target is 25k, then 31k, considering the relation i found: in logorithmic mode you can find the start of the uptrend at 200$, and making the fib from it to the new ath shows, that the second ath usualy appears at 161 fib area. you can read it here
Everybody have a nice holidays:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc 2.64% to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. It will be like a real new year gift to start trading with your help in the 2018! Watch status to make it.
Thank you for attention!
Watch for updates
At the moment we`re facing some resistance at 16500.
And the reason for this may be this things:
1.some divergence on rsi at 2h
2. appearing head and shoulders at 1d
3. holidays?:)
About rsi. On the picture you can find an anology with 2017 autumn. So i expect the pull back towards 14k level to make the bull formation at rsi and continue the uptrend. Also, i see the possibility to go at 11k, however this will break the parabolic support, and it should somehow affect the trend. i think its just going to slow down, but will not be broken. Anyway, the time of constant monitoring continues.
And after that we`re ready to face new highs. The first target is 25k, then 31k, considering the relation i found: in logorithmic mode you can find the start of the uptrend at 200$, and making the fib from it to the new ath shows, that the second ath usualy appears at 161 fib area. you can read it here
Everybody have a nice holidays:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc 2.64% to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. It will be like a real new year gift to start trading with your help in the 2018! Watch status to make it.
Thank you for attention!
Watch for updates
Note
hello. so to that time we made the movement according to my thoughts. however, i really dont like impulses, coming from bears. so... new year`s coming, mayby short term players taking profits on the bumps. also, activity of thewhole traders community is low. i will not be surprised to see some bearish movement. by the way, i was looking through pullbacks and corrections, and made one conclusion (that can be mistaken, but anyway usefull to think about): if we want to see the fast comeback from them, we need to make bull`s candle with good impulse, that will carry us from being in so precise channel, as we are in now. Furthermore, it`s better to break the support of the previous low and gain a foothold there(78.6 in our case,screenshot). Other ways will lead us to the clear bullish for a long time. however, we can have stable but slow bullish movement with low volume as it was in the summer. if you bought btc at 12k - hold with trailing. that`s all for now:) have a nice day!Note
haven`t left the channel yet. made a consolidation. bullish indicators(rsi, macd, trin). ascending volume on the growth. head and shoulders failed. all for the bulls. but bulls got no confidence. watch for the channel sup/res. in the case you`re in - organize your risk maagment. the most optimal stop loss is the channel sup. Note
and even so, we`re going down. i wil remember this one moment and try to find the fundamental things, that happend. 
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