It is very hard to predict the cryptocurrency market.
Alot of traps and TA is almost impossible at most of the times.
My first thoughts are we are in a trend reversal (going to a bear market)
solo because we crossed the 200 moving average.
Still in mind that this is not the real stock market and so volatile that we might
see a huge run up back to normal.
let's wait and see what happens; still nog buying in untill BTC goes back up the 200 ma
and i see a serious crossing on the macd
Also i would like to see the 20 and the 50 ma cross aswell.
good trading.
leave comment and tips ( i'm completly new to trading and TA-)
Alot of traps and TA is almost impossible at most of the times.
My first thoughts are we are in a trend reversal (going to a bear market)
solo because we crossed the 200 moving average.
Still in mind that this is not the real stock market and so volatile that we might
see a huge run up back to normal.
let's wait and see what happens; still nog buying in untill BTC goes back up the 200 ma
and i see a serious crossing on the macd
Also i would like to see the 20 and the 50 ma cross aswell.
good trading.
leave comment and tips ( i'm completly new to trading and TA-)
Comment:
@ the 4 hour chart it seems that macd is getting closed doh
Comment:
If It drops even further I see 3K in a week