Hello!
At the moment we`re facing some resistance at 16500.
And the reason for this may be this things:
1.some divergence on rsi at 2h
2. appearing head and shoulders at 1d
3. holidays?:)
About rsi. On the picture you can find an anology with 2017 autumn. So i expect the pull back towards 14k level to make the bull formation at rsi and continue the uptrend. Also, i see the possibility to go at 11k, however this will break the parabolic support, and it should somehow affect the trend. i think its just going to slow down, but will not be broken. Anyway, the time of constant monitoring continues.
And after that we`re ready to face new highs. The first target is 25k, then 31k, considering the relation i found: in logorithmic mode you can find the start of the uptrend at 200$, and making the fib from it to the new ath shows, that the second ath usualy appears at 161 fib area. you can read it here
Everybody have a nice holidays:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc 2.64% to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. It will be like a real new year gift to start trading with your help in the 2018! Watch status to make it.
Thank you for attention!
Watch for updates
At the moment we`re facing some resistance at 16500.
And the reason for this may be this things:
1.some divergence on rsi at 2h
2. appearing head and shoulders at 1d
3. holidays?:)
About rsi. On the picture you can find an anology with 2017 autumn. So i expect the pull back towards 14k level to make the bull formation at rsi and continue the uptrend. Also, i see the possibility to go at 11k, however this will break the parabolic support, and it should somehow affect the trend. i think its just going to slow down, but will not be broken. Anyway, the time of constant monitoring continues.
Everybody have a nice holidays:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc 2.64% to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. It will be like a real new year gift to start trading with your help in the 2018! Watch status to make it.
Thank you for attention!
Watch for updates
Comentarios:
hello. so to that time we made the movement according to my thoughts. however, i really dont like impulses, coming from bears. so... new year`s coming, mayby short term players taking profits on the bumps. also, activity of thewhole traders community is low. i will not be surprised to see some bearish movement. by the way, i was looking through pullbacks and corrections, and made one conclusion (that can be mistaken, but anyway usefull to think about): if we want to see the fast comeback from them, we need to make bull`s candle with good impulse, that will carry us from being in so precise channel, as we are in now. Furthermore, it`s better to break the support of the previous low and gain a foothold there(78.6 in our case,screenshot). Other ways will lead us to the clear bullish for a long time. however, we can have stable but slow bullish movement with low volume as it was in the summer. if you bought btc at 12k - hold with trailing. that`s all for now:) have a nice day!
Comentarios:
haven`t left the channel yet. made a consolidation. bullish indicators(rsi, macd, trin). ascending volume on the growth. head and shoulders failed. all for the bulls. but bulls got no confidence. watch for the channel sup/res. in the case you`re in - organize your risk maagment. the most optimal stop loss is the channel sup.
Comentarios:
and even so, we`re going down. i wil remember this one moment and try to find the fundamental things, that happend.