We have reached the former Breakout-Level @ 5200 - this is THE Level to watch! At present we dived through that level. Here are based the EMAs, they should be supportive. But watch the RSI, he dived into the oversold area, but not signalizes a buy-signal at present.
If btccny could recapture the 5200 this could open the possibility for a Long with a nice Chance-risk-Ratio.TP1 could be the min correction fibo 38,2 @ 6420 But be careful! At present we have a classical falling knife Situation! There are NO buying signals yet Trading below 5200 respective the illustrated EMAS would be bearish!
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is this a mini-bottom ?
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rsi overbought now , reached 38,2 fibo , and the tp1 min tp H&S
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goooood! :-)
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any questions? 11 :-9
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+1033!
Trade closed: target reached
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YIHAAAAAAAAAAAAAA
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any questions ;-)
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unbelievable ...we reached the max. conso fibo Level - phantastic