$ETHBTC is being destroyed for now, bulls need to step in to protect the weekly support..waiting for entry trigger, but looks weak. Also seems to be the most crowded trade among all majors. In here for the tech and believe that 0.1 ETHBTC is still possible? Better step in ;)
Playing around with the chart to predict what could be in store for BTCUSD price action for the next 12 months.. If history repeats: BTCUSD tops out this week and goes back to retest 21 week EMA (projected to hold around $17.6 area) Starts the parabolic advance to top out around $350-400K by end of 2021 Seems unreal - but entirely possible, although...
Long - touched previous support to the tee. SL below 200DMA.
Given the recent price action, thought will look at the bigger trend - created my own set of trendlines rather following a pitchfork. Few observations: 1. Price action is getting less and less parabolic - which actually is a good thing. 2. Recent price action was stopped at of 'one' of the longer term trendline. 3. In 2019, we did establish another trendline,...
9EMA and 55EMA continuing to provide support on the daily chart. Multiple times the bearish cross-over almost happened, but BTC rallied and closed above. Wait for today's close to take positions.
Potential scalp plays in the short-term Long-term: S1 - solid long S2 - long of a lifetime, if it gets there