2nd day off the parabola, which means heading toward an 80% retracement. Target is red line just above 4,3k level.
I suggest you to buy gradually increasing exposure on the way down if you are a long term investor. If you'r technical like I am. well the answer is simple. Watch the daily and wait for a clear reversal. The most relevant levels are pointed in the...
Altough most of the proes out there are used to wait a retest before entering a long position (I love retests too in specific markets, and when certain criteria are matched), I can tell you that TECHNICALLY retest are the worst thing that can happen during a breakout. It weakens momentum and confidence in speculator. You get closer to where most of the stops are...
I know the typical Mooner thinks the likelyhood of btc mooning is usually in a range between 100% e 5 billions%.
I, as a Technical Analyst, must be sure only of what I am able to see: the past. What Past tells me is that parabolas, unless broken, have got a 51% chance of moving to the next upper level, which is around 10k.
Whatever Head or Tails, good luck all!
Altseasons usually perform during long accumulation periods in bitcoin. Does it means bitcoin peaked? I don't know, maybe, I don't predict markets.
On the other side litecoin look like the vagon to jump on right now, with a tight stop loss on the ltcbtc pair. Whenever bitcoin will break out, you'll be ready for a ltc drop
Triangle doens't act as a reversal pattern very often (It is a continuation pattern actually). I will not short it. Next stop is 10k from my perspective. Btc is 'stoping by' every accumulation point during 2017 parabolic advance.