BTC short term uptrend

23 mai 2018

First off this isn't a investment advice , educational purposes only.

we can see on the 4 hour time frame BTC is heavily oversold on the RSI,
this most likely created a good entry due to the FOMO bearish action.

BTC would possibly have a run up from here based on the heavily oversold smaller Timeframes on the RSI, yet the daily hasn't touch the oversold territory on the RSI, and so BTC would probably get a run back up to 8,000 where it will meet resistance and slides its way down towards 6,800

23 mai 2018

Note

NOTE* do your own research, I'm providing what is likely going to happen based on TA and going with the current trend, no one is 100% correct, I'm just providing the more likely scenario, how it's going to get there may differ like my previous post.

it met the target after a fake out breaking out of the falling wedge, and sold downwards heavily yet I bought in with a stoploss beneath the lowest which was 7783 on binance so only a minor loss

23 mai 2018

Note

presently I bought in at 7,438 like I said on my other post, I'll place a stoploss below the lowest point also which was 7,425 for me and give some room, so I'll be placing stoploss at 7,375

24 mai 2018

Note

While I'm at it and since we're on the downtrend I'll show the chart again,

this move was planned weeks ahead, we're currently on our way back down to the major support hovering between the 6,600 - 7,000 my main target is the second support after BTC makes a lower low for a rally upwards, I'm looking for the tag on the green trend line which could happen in a week or months, I'm not looking at the possibility of which everyone called for 3,000 because I can't see that happening yet also if I look at some of the altcoin prices for example NEO, I believe NEO can be 40USD bottomed out currently, but if BTC was to hit 3,000 the price of NEO would be adjusted to somewhere at 25-30USD which I can't see that happening currently anyways I do believe a lower low and the green trend line to accumulate before starting its rally upward, my large portion of investment will be added there.