A shot in the dark for predicting the bottom

6 thg 2, 2018

Taking a potshot at predicting the bottom. Fibonacci extension of previous bottom at 10.7K on 22nd Dec says 5039 . First Trendline says ~5621, second trendline says ~3600-3700 . Watch for strongest ever Green volume bars in 4H/3H/1D charts to confirm investor interest.

7 thg 2, 2018

Ghi chú

Some strong buying visible in 1D /3H charts. Instead of pouring in all at once it came gradually. So what's next ? Do we start looking for ATH or a prolonged recovery over next several weeks/months , or it is another bull trap ?
I can't shake off the feeling that 6K was not tested properly. It was way too easy . There could be a another dip to truly test it , may not go all the way to 6K and bounce off earlier with equally strong volumes , or may go slightly below 6K. Keep some cash for that outcome instead of going all in right now