Welcome to a long term projection of Bitcoin.
You are viewing :
· Monthly chart
· EMA12 (Black)
· MA48 (White)
· Volume MA12
Bitcoin is currently riding the support of EMA12.
A breakdown is expected, as pressure from bears in this price region continues.
The RSI has showed overoptimistic tendencies and is now declining to neutral range.
Target for a...
ETH is looking like it will mirror previous behavior - short and long term
Weekly chart does not look extremely bullish at this point in time but there are signs approaching.
There is a build-up to reach the turning point for the market to reach a bullish saturation. (Consolidation)
The market was eagerly trying to kick start the bull-market but was stopped out...
Based on current structure i think we will see another test of the horizontal support at 10k.
In case of 10k breaks we will most likely be seeing another wave down to the 9k area.
The theoretical move down to 9k puts us near the apex of the triangle, given the momentum there is a likelyhood that a continuation downward is possible.
My guess is that we will move...
Thanks to @Cryptobullet for bringing this idea to life :)
I made my own analysis and conclusion is , I don't see this coin "moon", however I do see a small relif rally occur that can be profitable.
This can be a good gamble with a small-sized high-leveraged position (lose little gain much).
Volume has been drying up in the falling wedge pattern, as we get...
Long / Short.
Long carries more risk but at profit higher
Short is less risk but lower reward.
I'm siding with the short from here.
However I'm still long on the majority of my portfolio (Long term).
I only take these trades with smaller positions.
My previous chart, the small trade - is on it's way to meet the target. I keep on rasing my stop there as i use high leverage, price at this range is a bit unpredictable.
But today I want to share you my idea on the mid term which paints a clearer picture for me, and I see BTC going much, much higher .
This is also why the majority of my holdings in BTC...