Well, fractals are the art of the universe. They may repeat themselves, the may change themselves. We can only guess, as we are but a representation of them too. To see them is to glimpse the underlying fabric of the universe. To know them is to be a God, and we ain't gods. Just monkeys scrambling for truth and survival.
I´m just scraching the surface of TA. That said, these are the 2 main options for BTCEUR in the next 2 days.
What do you think? Do you agree?
Please keep in mind that this is just a guess, and far away from a investment recommendation.
This is my very first analysis, and I´d be more than happy if anyone with more experience could give me his/her view on it. I´m afraid that it could be just what my eyes want to see.
I can see that pattern with 1d, 4h and 1h time frames...
Thank you!
In my opinion Bitcoin will fall to around 7500 Euros and try to break the dark purple dashed line after that, if it fails to do so I guess it'll fall to around 6700 Euros.
Thereafter Bitcoin might test the pink line again which is our common downtrend if it fails to find support there like last time we might be headed to 4800 Euros or even lower.
If it keeps...
BTC didn't manage to exit the channel and crashed in the middle of nowhere. If it's a big position liquidated from a drunk trader it's a sign we will go down again, if it's done for catching stop losses it's a sign that big investors think the price will rise and don't want to share profit with too many traders. Personally in these days I think the price need to...
As sometimes happens with BTC, it crashed down in the middle of nowhere and what it looked as an inversion of downchannel now looks as a bulltrap. Don't see any position to open at the moment.
Datetime : 23 Feb, 20:47 Berlin Time
What is the current state of price movement in the trading time frame (4H) ?
It looks like we are just concluding the second leg of the downtrend (including pullback) and just starting the third leg. Pullbacks are lasting for 3 bars approximately. The current pullback is also testing two important levels simultaneously -...
BTC is trying to invert the downtrend channel. If it will not break we will probably see a leg down in the trend or a lateral / compression movement for some time.
The fall of BTC is less vertical now. We may see some oscillation today and then probably another radical movement down until the price of BTC becomes attractive for everyone.
Datetime : 21 Feb, 2018, 19:09 Berlin Time
What is the current state of price movement in the trading time frame (4H)?
The three legged uptrend was stopped by a sudden and vicious downward momentum at the important level 9426.5. MACD has a significant new low, indicating that the uptrend has stopped. But the previous low of the uptrend is yet to be taken out...
