A quick BTC analysis: personally I don't have any altcoin left, I went back full BTC.
If we look at the graph there is an ascending channel where the BTC could hit the top at 11.7k before going down toward 11.1k allowing some refill.
We have a bearish divergence on the RSI and MACD, however this has to be confirmed and BTC showed us that he often doesn't care about those divergences and continued pumping. Appart from these divergences both indicators remains bullish above 50 and 0 so I'm not too afraid. Also other indicators like ichimoku also look bullish (usually I use this indicator for scalping but it can be also a good swing trade indicator).
Also, looking a bit more to the volume, BTC passed the 11.1k resistance with a reltively low volume, so there is also still a risk for a retrace down to 10.9k or even lower to retest 10.7k. But if this happens it's just an opportunity to refill before BTC moves higher again.
Some people expect a massive retrace to compensate all these pumps but at the end of 2017 BTC showed us that he can pump for quite a long time and reach the moon :)
If we look at the graph there is an ascending channel where the BTC could hit the top at 11.7k before going down toward 11.1k allowing some refill.
We have a bearish divergence on the RSI and MACD, however this has to be confirmed and BTC showed us that he often doesn't care about those divergences and continued pumping. Appart from these divergences both indicators remains bullish above 50 and 0 so I'm not too afraid. Also other indicators like ichimoku also look bullish (usually I use this indicator for scalping but it can be also a good swing trade indicator).
Also, looking a bit more to the volume, BTC passed the 11.1k resistance with a reltively low volume, so there is also still a risk for a retrace down to 10.9k or even lower to retest 10.7k. But if this happens it's just an opportunity to refill before BTC moves higher again.
Some people expect a massive retrace to compensate all these pumps but at the end of 2017 BTC showed us that he can pump for quite a long time and reach the moon :)
Comment:
Well BTC was even more optimistic than me, channel broken with a new beautiful pump !