DAX WILL SLIP TO 10400-500 AREA - AFFECTING BTC
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In terms of technical analysis, DAX is the best exchange, thx to German guys.
As you can see, it was in an ascending triangle and it was a steep one. Resistance is once a long term support for the uptrend. It ran out of fuel and probably early next week, it will pull back gradually to 10400-10500 area to fill the 1st gap. After resting there for a while, we will move down further to fill the second gap between 9500-9800.
This will also be bearish for BTCUSD which as to my previous idea, push back the price towards first 8800 area and then around 8000 where people tend to buy in the most.
As you can see, it was in an ascending triangle and it was a steep one. Resistance is once a long term support for the uptrend. It ran out of fuel and probably early next week, it will pull back gradually to 10400-10500 area to fill the 1st gap. After resting there for a while, we will move down further to fill the second gap between 9500-9800.
This will also be bearish for BTCUSD which as to my previous idea, push back the price towards first 8800 area and then around 8000 where people tend to buy in the most.
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