Please check the chart
Please check the chart.
5th wave of the Elliott Wave is in progress.
The price is close the lower side of the channel. The price recently rebounded above MA60, can move up to 5 TRY in the next term. RSI/price divergence may be a question mark and need to monitor further. Bollinger bands narrow, which show a low price fluctuation. Prices above 4.43 can be bullish signal. It is not investment advice.
My Elliott wave idea can be found on this chart. Just a guess...
The Elliott wave and Fib levels show a BTCUSD uptrend to $8,000 in the next days. Higher levels can also possible...
There are strong correlation between BTC and ASELS prices, without any fundamental relation. However it could be a good indication to see what will happen to Asels price to understand BTC's trajectory. Both have parabolic behavior and in the next days Asels may show a backwardation. The correction may be a good indication for BTC price. The comments regarding...
It is just for fun but also I will check this time to time to see what will happen.
TA shows BTC and RSI divergence, which is a bearish signal. BTC price may retreat back to Low $5,XXX. A less likely scenario indicates high $4,XXX price range, which depends on the news flow.
We may need to talk about how Elliott's correction wave will look like? Which one do you think likely to happen? By the way, it think with this correction, we can see $10K in 2018.
Long/short ratio was in line with the price trend since mid-Sep (in the available data) but since the last week of October, there is a significant divergence. This means even the price increases, the long positions are not rising that much.
Unreasonably overbought. Dangerous to buy, 100% FOMO. Be careful.
In the last two times, it fell back by average 40% in around 20-30 days. Lets wait and see what will gonna happen after Segwit2x.
Ripple is quite stable, along with low volume, since last week but RSI and MACD are improving (on 1D chart) and heading to positive zone. We may see prices to increase in the next days.
The chart is quite obvious. Although we are still in the uptrend from a wider perspective, in the short run, the indicators signal a bearish period. Check the resemblance with last August, i.e. price/RSI div, falling volume, etc. It looks like we will see BTC @ around $4,XXX in the next term. It is no investment advise.
The price is currently at the low FIB levels and trying to find support. If it can find support, the price may rise 21-22 TRY range. RSI and MACD are recovering, which is a positive sign. Volume accumulation from the buy side also signals an uptrend. It is not investment advise.
I expect the USD will appreciate in 2018, which may subdue the appreciation of BTC.