I expect BTC to stay in the light green uptrend channel, exiting the current red downtrend channels in May or early June. Before that I expect a correction to the 3600-3800 EUR price range where I have set a buying ladder.
If we break down that channel, then next support is in the 2600-2800 EUR price range...
Just an idea, not a financial advice :)
zoomed out a bit for your viewing pleasure.
Dec 17, 2018: "This started out as a joke about a week ago but I think it has proven to be a rather accurate description of the mood in #cryptocoin markets and how many of you probably feel when looking at those convoluted charts with hundreds of indicators - all showing what happened, none telling the future."
This is my very first TA based on DatTongs TA, which I found within the nice group of Tradunity. Please remember: I'm a newbie and this is a learning TA, which I want to make public, so I can get some input from the community.
Pair: XBTEUR @ kraken.com
Long Profit Target: 3766.6 €
Stop Loss: 3399.1 € (This will updated every...
Let's be honest... I have no idea what I am doing.
With that said, I think we'll soon be retesting 2800. There's a good chance we'll see support there. If not, 2200 is also a possibility.
Play it safe, kids! Always use protection (pronounced as "stops").
BTC/USD price chart is rather flat the last days, but the chart is moving to a moment of divergence. RSI 4h is climbing above 50 and could push a bullish breakout before Feb 9. The climbing On Balance Volume (OBV) is a bullish signal. They all come together this week. The ice is thin till March 15.