HI guys, No FUD here, just simple Facts based on SIMPLE TA (Sometimes you just need simple Charts) Comment: Im pretty sure we will bounce the first time from the 200Day Moving average, afterwards, in the history of BTC we broke twice the 200 EMA, 2013 and 2015. IF the 200 MA brakes i will add ALOT of ALtcoins during 2000-4000 BTC range. What i mean is if...
I refer to this Idea i published on 19.01.2018 We will bounce test the 10650-12000$ range (previous support becomes resent resistance) After that be prepared for a big drop to 5k to 7k range. This will be your last chance to sell some of your portfolio coins, im reffering to EVERY COIN, since BTC will drop. The whole market with its altcoins will follow.
Based on the previous trend, we're currently bouncing back from the 100 Moving average support (9000$), from the looks of the RSI we will retest the 13000$ resistance (previous support) before confirmation, bear or bull. But im afraid we`re living in a Bearish Head and Shoulder pattern. the MA 200 support = if BTC falls again, the 6000-6900$ will act as major...