eschnou

eschnou

After a powerful breakout of the Chuvashov fork, ETHBTC keeps its progress, now moving into a past resistance/support. As always, we need to be cautious of these regions, a pullback down to the sidebranch of the fork would not be unusual and a probable scenario given the overbought RSI. Yet, the momentum on volume and MACD remains strong which could lead to an...

eschnou

One possible scenario is we continue to consolidate for another year before finally passing the BTC ATH and entering a new phase of exponential bubble acceleration driving prices to a new ATH between $70k and $300k. Given this scenario, a strategy would be to continue accumulation with a dollar cost averaging strategy until ATH breakout, then a progressive exit...

eschnou

Taking a step back and looking at the whole of 2017, we see that BTC has alternated bullish runs of ~30 days with consolidation runs of ~50 days retracing up to 40% to the previous long term ATH. This means that a consolidation down to 10,000€ would remain similar to the range observed in previous cycles this year and would not necessarily mark a trend reversal.