while looking at the rsi , it really looks like its time to bring a visit to the good old 200 sma ,
test our previous 57500 resistance , and make it support.
it is also the golden pocket zone of the recent uptrend , a retest of that zone is likely.
if , and only if , on the other hand,
the trend continues, we could be looking at making new all time...
While we are bouncing between support and resistance, sia is looking strong on the bigger time frames.
Supp. and res. lines are getting closer towards each other,in a symmetrical triangle.
price is also making a sort of inverted head and shoulders pattern between those support and resistance lines.
For now it looks like, everytime the rsi crossed 70 , we get a...
Vechain is breaking out of it's descending triangle.
we must expect resistance in the zone between 0.034 and 0.037 ,
if we break through, and bullish retest,
the price target will be around the 0.045 region.
remember :
trade safe and always use a stoploss
never ever invest money you cannot afford to lose
MY CHARTS ARE NOT FINANCIAL ADVISE, FOR...
Basicly my chart remains pretty much the same ,
I am bullish on BTCUSD ,
however ... i still think we are gonna retest the lower 40.000 - 45.000 region ,
it could be a quick dip , followed by a rather quick recovery ,
i would keep an eye on the bigger time frame at all time.
expect the unexpected, and trade safe guys !
- NEVER INVEST MONEY YOU CANNOT...
i'm long term bullish but we should expect a pullback to at least 40.000 for multiple reasons ,first of all the head and shoulders pattern, and also the 786 fib level is to be tested most of the time.
