BTCUSD: Monitoring developments going into March
This is the Bitfinex chart. I'm currently using this one, due to having the highest liquidity of all exchanges. It seems like we have reached the last day of the recent daily uptrend signal we had in our charts, so we can expect a decline back to the uptrend mode, if the market is due for a breather to resume the long term rally.
If BTC doesn't fall under either the uptrend speed line support, or any of the support levels on chart, we could aim to add to longs, and cover our ETHBTC longs perhaps, although I think Ethereum will simply outperform BTC, if it continues to rally.
We'll have to see how things develop until March events are out of the way. Keep these levels in mind and see how the market reacts to them to act.
Good luck,
Ivan Labrie.
If BTC doesn't fall under either the uptrend speed line support, or any of the support levels on chart, we could aim to add to longs, and cover our ETHBTC longs perhaps, although I think Ethereum will simply outperform BTC, if it continues to rally.
We'll have to see how things develop until March events are out of the way. Keep these levels in mind and see how the market reacts to them to act.
Good luck,
Ivan Labrie.
Bình luận:
Bình luận:
Yep, nailed that.
Now we might drift sideways/higher until March 11th.
Yep, nailed that.
Now we might drift sideways/higher until March 11th.
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Looks like we'll continue steadily up for now:
A few more days up at least, then we'd need a new signal, or a sideways move for a few days to flash a new continuation signal.
A few more days up at least, then we'd need a new signal, or a sideways move for a few days to flash a new continuation signal.
