In my last Bitcoin chart, I covered the monthly developments in the Kraken XBTEUR pair. Currently we're one week away from the end of the year, and closer to get more clues about the recent developments in price action. After this week's close, I'll be able to determine the direction in the short term, and after the monthly/yearly close, I'll have a much clearer...
In this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been...
Price making it's way up into Short Reload Zone, with Bearish Divergence showing between price action and MACD. Williams %R is also pretty maxed, although not stupid maxed. Awaiting bearish candle formation.
Potential break out of ascending triangle. I expect a bit more testing/faking out of the trend line, with the actual 61.8% retrace on Kraken being at €303. Targeting the 38.2% resistance zone, from the €455 - €277 correction. Note values in €uros, not dollar$
Recent rises have been amplified by fall in value of USD. BTC price in EUR has now fully retraced the September cascade. Might be resistance here but scarcity should push it up further though.
Before we climb to former high of €871 around 1st quarter of 2016, we'll re-visit €148 , former low from January 2015. Good money is to be made here.
Watch this, you can zoom in by moving the scale or press on +/-
I would like some input as to anyone agrees with this assumption?
We got a nice 5 waves down followed by a 3 waves up with high volume. RSI shows a failure swing point and IMO the volume will now go down while we enter a first leg up. On this chart, I did not yet pay much attention to the depth of the up coming waves and it will probably go lower down. We can see a bit more once wave 1 closes.
For those who can't find it in the selection of exchanges. Happy trading.
wondering if there will be some side ways escape up again but my bearish mind hopes not lol. but whats hope in trading...