jonap

jonap

If BTC can stay in current parallel channel thought-out january and RSI does not stay overbought, there is a good chance price will retest 9,2k in the beginning of february. If all goes well maybe even retest 9,6k about one week later. As i see it sence 6,5k there´s been a healthy rise in BTC price and therefor i´m not bearish yet. Also have a close look at the...

jonap

Since back in July BTC have started a 10 day rally in the beginning of each month to try breaking the resistance and failed. But now it seems that BTC is finding support on 300EMA, Is it strong enough to break above it this time or will it fail once again? I finding it helpful to use the 100 and 300 EMA this time.

jonap Updated 

BTC price will likely move down before current wedge and the curved trend line (that matched BTC price sence the middle of December) crosses. Crossing 50 & 100 EMA, Quick bounce from the 200 EMA (bottom). Possible good entry between 100 & 200 EMA for long term position. Alternative if FOMO entry at between 50 & 100 EMA.

jonap

Putting a possible curved trend line from the 200 EMA, Predict 0,5 Fibonacci retracement from last bottom to the last top. All adding up to the bottom around 6120 on the 11 July.