BTC, what to expect in January? $9900,- (Likely) or $19000,- ?
Updated
Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, thank you for following and liking my ideas. The number of followers is rising rapidly. I just started posting since December and it looks like I'll reach my first 1000 followers before March! You people can help me with this by following and liking my ideas. I really appreciate it (It's only one mouseclick) and I'll thank you by trying to provide you with better charts every day/week. I just launched a Twitter page a few days ago and I'm also thinking about launching a Telegram channel, please let me know if you think this a good idea.
Alright let's analyse Bitcoin again:
1. Bitcoin has broken its strong support in the last days of 2017. This was a very strong support and after this we dropped $2500,-. This was a very important support for BTC for the long term. After this drop we formed a new support line. (Dotted line)
2. This support (Dotted line) was and is also support during the last days. Next support is the 50-day average. (Yellow line) We already tested this support two times with a spike, but we didn't break it yet. (Arrow a & b)
3. This is strong falling resistance level. If we keep closing above our support line (2) and above 50 ma, a test of this resistance(3) is very likely. A close above this level will give us a strong bullish sign and a pump towards 19000 will then be the result. But I don't see this happen. On the other hand, a close below our supports (2 & 50ma) will give us another bearish sign. A drop towards another strong support (c) 9900 is very likely then. Support levels are the fibbo levels. Besides that, MACD and RSI are giving a bearish signal.
In summary:
A close above support (2) next days, will trigger a test towards resistance 3 (16000). A close above this resistance (3) will trigger a pump towards 19000. A close below support (2 & 50ma) will trigger a big drop towards support c (9900 now).
Personally, I think that a drop towards 9900 in January is most likely, but we have to follow our analysis. I have positions in a lot of coins, but not in BTC anymore since we broke support 1. This was for me a sign to sell and it is a good descision so far. I'll open a short position if close below support 2 and I'll buy BTC again if we close above support 3.
Good luck!
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, thank you for following and liking my ideas. The number of followers is rising rapidly. I just started posting since December and it looks like I'll reach my first 1000 followers before March! You people can help me with this by following and liking my ideas. I really appreciate it (It's only one mouseclick) and I'll thank you by trying to provide you with better charts every day/week. I just launched a Twitter page a few days ago and I'm also thinking about launching a Telegram channel, please let me know if you think this a good idea.
Alright let's analyse Bitcoin again:
1. Bitcoin has broken its strong support in the last days of 2017. This was a very strong support and after this we dropped $2500,-. This was a very important support for BTC for the long term. After this drop we formed a new support line. (Dotted line)
2. This support (Dotted line) was and is also support during the last days. Next support is the 50-day average. (Yellow line) We already tested this support two times with a spike, but we didn't break it yet. (Arrow a & b)
3. This is strong falling resistance level. If we keep closing above our support line (2) and above 50 ma, a test of this resistance(3) is very likely. A close above this level will give us a strong bullish sign and a pump towards 19000 will then be the result. But I don't see this happen. On the other hand, a close below our supports (2 & 50ma) will give us another bearish sign. A drop towards another strong support (c) 9900 is very likely then. Support levels are the fibbo levels. Besides that, MACD and RSI are giving a bearish signal.
In summary:
A close above support (2) next days, will trigger a test towards resistance 3 (16000). A close above this resistance (3) will trigger a pump towards 19000. A close below support (2 & 50ma) will trigger a big drop towards support c (9900 now).
Personally, I think that a drop towards 9900 in January is most likely, but we have to follow our analysis. I have positions in a lot of coins, but not in BTC anymore since we broke support 1. This was for me a sign to sell and it is a good descision so far. I'll open a short position if close below support 2 and I'll buy BTC again if we close above support 3.
Good luck!
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Trade active
[img]We close above our support line, yesterday. We have to close above this support today to continue our uptrend. A close below might trigger a pullback towards the pther support levels as mentioned in the idea.
Trade active
[img]What I already thought looks like to happen. A close below the dotted support line, means that our trade towards 9900 is active.
Trade active
It's dropping faster than I thought, so $8800,- is also possible next days.Trade closed: target reached
$9900,- target reached. I'll keep updating this chart.
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