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Kraken

Possible Bottom & Breakup >>> Reversalpoint?... (!!!)Looks like we have some a break out (although not 100% clear) on the 4h. Moreover, the last dip makes up for a possible bottom since it met a) the lower end of bull channel and b) the lower end of linReg(50,200). It is not a clear hit, what could mean it takes another shot at it, but the bottom might be in here already. Especially, in the light of Bert continuing to be weak as hell, this is a reasonable spot to long... Happy Tarding!
Long
by khun
2
ETHXBT: UpdateUpdating my previous ETHXBT chart, we seem to be retracing the recent decline. Now, this could be an uptrend continuation setup, or simply a detour before more downside. Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do). Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart. For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher. Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with). Cheers, Ivan Labrie.
by IvanLabrie
3