The prices have made double bottom, from now on the price direction is on
The BTC is at weak hands and they seem to fail to carry.I see a drawback to 8500-8000 USD.Time will show....
We are at the edge of descending triangle, we will break resistance and a new uptrend will begin.There is a 50% potential.
BTC/USDT new position.I am entering long.I believe we will test shortly somewhere between 16000-18000 and a new uptrend will begin by new year.
The assset is getting to stronger hands, being a trend trader I am in now to test 390.
There may be an intraday increase due to double bottom formation.The short term trend is down.Act careefully.
I am actually doing many complex calculations, however I believe the most important thing is result.So I have decided to make an easy output.BUY. As you see there are 3 levels and corrections.The way is up.I will close all my positions between 117 and 118.25. Good luck.
The volume is decreased significantly.The ETHUSD seems to make a fast move.Be prepared. Good luck.
ETHBTC can not pass the resistance at 10.70 so will test lower prices to gain momentum.I am closing long position and shorting it right now.
There will be a big move either up or down.
The down trend channel is still active.If the price can stay over .024 BTC the down trend may end a new trend can begin.Keep an eye on DOGE.There are some exciting news to be released on February.
The medium-short term trend line is about to break up.The trend indicators indicates a possible turn to the upside.Although there are strong resistances there are still many shorts which may reason a strong and fast to the upward.I will update the chart if there is a strong resistance or an anomaly.Do not trade against the trend.
The trend channels...The long term trend is up, look for short term corrections
The short term indicators and short/long positions show the change in the trend.I strongly recommend to close short positions and enter long position , not all at once but one third now.I will be watching the resistances and keep informing you.Regards.