Of course one thinks that a pattern is clear, bets on it, and then it jumps the other direction... we'll see
So I had some more time and I tried to have a closer look. In log plot the resistance is strong and old (yellow line) but we are at it. -> first bump Fibonacci analysis as I tried seems convincing as it hits most of the feature in the price pattern. With target to 12000 € 0.03% , we are around the first Fibonacci retracement . -> second bump, but fixes some...
The price is nicely going up in the last time frame but the RSI is increasing faster, so no good news ahead
BTC is following the Fibonacci pivots given some days ago quite well. I think this means that either it will go down to the minimum of also 6/2 and rebound from there, or up to the previous local max. So if it will retrace a little more, I will sell and buy again lower, or if it goes up trying to carefully buy and sell within the channels to increase the position....
Hi all friends, I posted before in the BTCEUR but I see it is more lively here :) I had recently a couple of good ideas, identified a channel that I traded repeatly, identified the rebound point very accurately and identified the channel of the rebound nicely too. So I think we will still go up a bit, in the 7600-7900 region. Either we enter a channel there, to...
At least to 5200, then we'll see. The RSI showed a resistance and a kind of trend. So again a little short, just to increase the BTC portfolio of another 2-3%. It has to go up a little sooner or later, there will be times to sell for real
Hello, I tried to model the wave pattern, the one in the idea seems convincing as it follows the MACD too. We should be towards the end of this correction, RSI is quite oversold on the daily picture and the only question is how long (or how low :) ) before the rebound finally happens. It will happen though. Too dangerous to trade now, we can be taken by surprise...
The pattern of all major cryptocurrency is clear, BTC has not yet gone that low and it is strange as I think BTC leads the others, doesn't follow much. Yet I guess we are going down to that minimum. Unless whales want to play FUD and FOMO for bulls and bears respectively and half the way they will print a major bounce. For the moment, better to hold the BTCs and...
The channel idea before was good, I sold at 6960 and re-bought at 6777. Now it has broken the channel, apparently downwards but I think this is the (c) part of a wave series that is part of a larger wave (2). So I expect the price to raise again, possibly swinging up and down in the channels as before, which btw are also resistances and supports. So the blue lines...
It's going to move sideways, on a lower channel as before. Market seems undecided, no moves up and down really. Just a series of bull and bear traps to fool investors. I'm such a noob, definitely this is no suggestion how to trade. Trade at your own risk.