If everybody sees it, what it will happen? The 4h timeframe starting its valle on the SQZ MOM, with the ADX giving it strenght, it was straight forward! So keep an eye to Bitcoin & Ethereum hope we can see the same movement upwards!
The price was rejected on the 44.400. With those SQZ MOM and ADX, the price could go down to 40k levels again if it doesnt support the Fibonacci and pullback levels showed on my graphic.
Considering the daily timeframe. We can expect some upside moment... We are far from fibonacci and trading range levels on daily an 4h timeframe. So we have to remain cautious in taking short positions. I am currently on a LONG, expecting what its showed on the graphic.
Ethereum can go down to the shown fibonacci levels if it doesnt start a second blue valley on the SQZ MOM. If this Cryptowinter starts the best moment to buy again can be near March or April.
If the price doesnt pump in 3 hours, it is likely to fall down to the 41-40 levels. I keep my positions open but keep looking for more buying oportunities.
In Bitcoin 4H, the movement has just started and has all week to pump considering the daily timeframe. In this chart we can see how it went from 46000 my previous Fibonacci resistance worked out very well. If Bitcoin continues it can get up to 52500.
After the pump, Bitcoin has been consolidating over 50k, good for the price, but considering 4H its risky to take long positions from here. I will short it :P
