BTCUSD Wave Analysis for January 2018 - LONG 5-10% flucts UP
Wave Analysis of BTC for January useful for comparing with Altcoin/BTC pairs.
BTC drops 8-9% -> BUY ETHBTC - ETHUSD goes up as ETH remains very stable at it's current level of $1000 +- 100
BTC drops 8-9% -> HOLD - LTHUSD is a bit harder to predict, but has remained stable in the short term $275 +- 25. Need to watch near term movement. If stable above 40 RSI hold.
Opposite is true when BTC grows ~8-9% according to recent trends.
SELL ETHBTC
HOLD LTH most likely - sell depending on if support breaks.
BTC drops 8-9% -> BUY ETHBTC - ETHUSD goes up as ETH remains very stable at it's current level of $1000 +- 100
BTC drops 8-9% -> HOLD - LTHUSD is a bit harder to predict, but has remained stable in the short term $275 +- 25. Need to watch near term movement. If stable above 40 RSI hold.
Opposite is true when BTC grows ~8-9% according to recent trends.
SELL ETHBTC
HOLD LTH most likely - sell depending on if support breaks.
Comment:
*LTCUSD not LTHUSD
Comment:
Looks like 16100 support line is broke.
Expecting fall to 14500 levels and bounce back to 18500.
11500 critical support levels.
Expecting fall to 14500 levels and bounce back to 18500.
11500 critical support levels.
I'm just a beginner so any constructive feedingback appreciated.