BTC mama is recovering but not out of danger yet

9 mars 2018

BTC is looking better than yesterday which was an absolute bloodbath. We need to break the resistance and get back to the Keltner Channel. The DI- (orange) has dropped below 40 now which shows good sign. I still expect to see an uptrend in a day or two. Few more candles around 0.5 Fibonacci line would be good sign as it will break the trend line, but who knows the market right?

*This is not a financial advice. Trade safe.

9 mars 2018

Note

We broke the trend line. :)
Things are looking good in the 1H chart. DI+ and DI- are crossing. But I would prefer to wait for the confirmation in the 4H chart and maybe a small pullback to find a strong uptrend. Unfortunately, the tradingview play button is not working to follow through the chart so I'm posting the charts here.

4H: Need to wait for confirmation. Couple of candles more...