Hello guys. Hope you all have good time. Today im going to share you my opinion about BTC in 4H timeframe. As you can see in my chart the price consolidate around a strong longterm Trendline for about 10 days and wait for FED decision about Rate hikes and Inflation Data. I think the economic information are stable for now and Price action do the best thing! So...
Bullish scenario - Higher high Bearish scenario - Lower high and forming a H/S pattern
The big moves have been up on Volume, the RSI is still bullish and a 3rd up wave is likely within next week Targets are 180 and 200
Thats my opinions for next Week here on USDJPY. If we can break 110.000 I would take a look for a buy Setup. We have 130 Pips between the blue resistenzline and the green target zone at 111.411 so if we can catch there a good entry, we can make some good pips! Otherwise wen the support trend line break, we can look for a short setup.
whatever happens !!, 31 January 19 will shows the real picture of bitcoin future. Time is powerful ! till then cheers !
a VIP member ask for ETC chart here is, we bough ETC at 2600 and 2390 without targets to HOLD for mid-long term The run comes and ETC hit 66% profit from our average buy price, what its next? Looking to RSI and MA 100 we still fine, if u are looking for a stop loss I recommend to put under MA 100 and 0.618 fib why? this is a important level now we already...
Price reaches a level where there is an apparent local resistance, expect a possible rebound in this level, but you should be aware of a break.