SunnyBTC
Short

Short until I'm long again

BTCE:BTCUSD   Bitcoin / Dollar
So we've just touched the 1 day 100 Moving Average on all exchanges. Traditionally it could be a place where we do the hokey cokey for a bit, but given the circumstances with RSI being very high and the OBV OSC divergence we've seen for the last 3 legs up here - I believe it's time for a retracement. We are currently in the 1 day cloud and have come close to touching the top just before the 1 day 100MA got in the way. I don't believe we will breach this area in the next 5-7 days but we will retrace. Looking at bottom targets, the 50% retrace is at 476.73, which also happens to be price of the first launch point from the bull 1st flag of this phase and has a target of 633.32. This also will likely coincide with support from the bottom of the cloud and also the 9/41 day MA's.
Allan
2 years ago
Thanks, its following your prediction pretty closely so far
Reply
coinwatcher
2 years ago
What do you think the ETA on 633.32 will be - a couple weeks?
Reply
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