Good evening, I leaved you last time with a double top on BTC with target 700 USd , that target was reached, and what now?
Price is in contact with green trend line drawn between 2017/07/16 and 2017/09/15, retested in 2018/02/06. Time between 2017/07/16 and 2017/09/15 is approx 90 days while top was touched 2017/12/17, time is overlapping recent minimum 90 days interval meaning that downside pressure is strong enough and may not be finished. At this moment 50 MA is crossing downward 200 MA. MACD is below zero line and is not crossing the signal line. RSI is at the minimum too. Perhaps a good rebound may happen.
"A picture is woth a thousand words"
Price is in contact with green trend line drawn between 2017/07/16 and 2017/09/15, retested in 2018/02/06. Time between 2017/07/16 and 2017/09/15 is approx 90 days while top was touched 2017/12/17, time is overlapping recent minimum 90 days interval meaning that downside pressure is strong enough and may not be finished. At this moment 50 MA is crossing downward 200 MA. MACD is below zero line and is not crossing the signal line. RSI is at the minimum too. Perhaps a good rebound may happen.
"A picture is woth a thousand words"
Trade active:
Excuse me for my mistake on target level, I wanted write that target was 7000 Usd istead of 700 as I wrote, many thanks