Hi,
it seems that there is a lot of doubt regarding BTC status.
I just wish to say that the correction is largely over. Double bottom took place - and our rally is just starting over.
Of course, I am just speculating. But altcoins' strength and the lack of FUD - except for a few rubbish which says Mt. Gox idiocy and ECR20 multiplication - shows that we are about to go high.
For the supports, look for the EMAs. Again, EMA1200 has shown that IT IS A VERY STRONG SUPPORT. Similar pattern from before where we have found EMA 200 as support.
Whales are definitely manipulating the market. But it seems with an aim to go higher. If you are conservative, look for buy signals (such as breaking 9.8 resistance). But what's the fun of trading if you miss out almost half or most of the fun?
This is just my personal view. But I hate those who say "it can go down but also can go higher." I agree. That's a magical statement you cannot disagree. If breaks this point we are bearish. OF COURSE. If we breakout from this point we are bullish. HELL YEAH. But you miss out the fun then. Not a good TA.
Good luck trading and thanks for reading.
it seems that there is a lot of doubt regarding BTC status.
I just wish to say that the correction is largely over. Double bottom took place - and our rally is just starting over.
Of course, I am just speculating. But altcoins' strength and the lack of FUD - except for a few rubbish which says Mt. Gox idiocy and ECR20 multiplication - shows that we are about to go high.
For the supports, look for the EMAs. Again, EMA1200 has shown that IT IS A VERY STRONG SUPPORT. Similar pattern from before where we have found EMA 200 as support.
Whales are definitely manipulating the market. But it seems with an aim to go higher. If you are conservative, look for buy signals (such as breaking 9.8 resistance). But what's the fun of trading if you miss out almost half or most of the fun?
This is just my personal view. But I hate those who say "it can go down but also can go higher." I agree. That's a magical statement you cannot disagree. If breaks this point we are bearish. OF COURSE. If we breakout from this point we are bullish. HELL YEAH. But you miss out the fun then. Not a good TA.
Good luck trading and thanks for reading.