Hi Folks, hope all good. Here some analysis on BTC/EUR. I do not know if I told you but I am not a big fan of Bitcoin, I rather find opportunities in other cryptos. Due to its "popularity" and high correlation with mostly all the coins out there, the whole crypto space has been going down, down and down... BUT the bearish phase has ended! It was not surprising...
BTC/EUR retraces back above 200-DMA at 6683 levels, bias higher. Price has broken above strong trendline resistance at 6740 on the 1H charts. Technical studies on daily charts are turning bullish, RSI and Stochs are showing a rollover from oversold levels. MACD is on verge of bullish crossover, which if completed will add to the bullish bias. Buy dips, SL: 6400,...