MarkoAbramovic

MarkoAbramovic

BTC is just retesting the breakout trendline as it should be.

MarkoAbramovic

As we can see from the chart when volatility breaks the support trend line it tends to fall to 2.47 mark. When it does in a bear market, first touch (blue vertical line) of 2.47 mark signaled the short trade and the second touch signaled the long trade. In a bull market as we can see both touches signaled the long trade. My strategy is to buy first signal with...

MarkoAbramovic

Very similar IMO.

MarkoAbramovic

I did this with fib extension and fib retracement tool.

MarkoAbramovic

I did the doted corection based on btc time when touching the suport and resistance lines. But if btc continue to go up we might assume that poet and all the alt coins will continue falling to the next support line (which i hope will not happen). Let me know your thoughts guys. This is not in any way a financial advice! Cheers and happy trading!

MarkoAbramovic

As much as we all want for berish trend to stop i think we all know that it will continue but in more horizontal trend.