Price action looks bullish, we might stop a little at 57-58K resistance, long for now! Also the reason for yesterdays crash is fixed up, there was some blackout in China, that's fixed up now, BTC network in full swing even mid-term seems bullish from here
This is an analysis for the near term(1-2 Quarters) Do you think it may enter back into the trend, is there some fundamental changes to the company? Do comment below, in my opinion it is quite possible, its a lower risk to invest as the price is quite low(using "The intelligent investor" logic), my view in the short term is mildly bearish neutral considering the...
My earlier publication using fib fans to predict the dates of major upward or downward moves still seems to be on course, it seems to me market players were trying to poke fun at retail traders yesterday with a tonne of fakeouts/bouncebacks. It makes sense to me that we are facing upward pressure as we were trying to move down too fast, in my experience slower the...
In the 45min(scalping group), price action bounced down from the basis(the green dotted) indicating a fakeout. I think it will bounce down until 27K possibly 24k(basis in the weekly timeframe) and form a new trading range. I cannot comment on whether it may bounce up on resume downward motion, but I'd say the odds are that we go down. Note: if we go down below...
I find it a couple days early for a drop, I was anticipating it to happen around the 29th of Jan, as you can see major moves within the wedge have occurred at the fib timezones, I know 30k is a important level after which we can expect a freefall down to 27k maybe even as low as 24k after which a possible reversal may occur. Let me know in the comments below if...