This was a technical analyse I posted earlier this week. But I want to share it again, because it's still extremely valid!
We're going to buy back alts and btc at 8.5k-9k range! There is one other scenario what is less likely in my opinion. I will post it as a reaction.
We're going to buy back alts and btc at 8.5k-9k range! There is one other scenario what is less likely in my opinion. I will post it as a reaction.
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This is the other btc scenario. We take support and moving up to the red resistance line and fall back to support to complete the elliot wave triangle pattern. After that we get a breakout and go up. In my opinion this is the less likeley scenario. But ofcourse we should stay open for other idea's instead of focussing on one trading idea.
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I think we're going to drop lower but we should also concider a breakout above 12.2k usd
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The chart on bitstamp is slightly difference.
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And we're dropping again.
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Still think we're going down. It's a rising wedge on a bear market. No time to chart.
Watch the 9k zone!
Watch the 9k zone!
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Still going to the 8.5-9k zone!