Its been a rough week for BTCUSD, hopefully you sold off your holdings at our 11.6k peak and been refilling your bags because if you've been following my TA you saw this coming!
Lets jump right into things!
How are we looking? We're being CRUSHED by downward pressure over the last week and have lost support of all EMA lines, fallen through the ichimoku cloud, completely over bought on Stoch RSI, and nearing the heaviest of resistance lines coming down on us from our All Time High of about 20k~ USD.
But FEAR NOT all is NOT lost!! As you can see we have a support line coming from our most recent dip to around $6k and a lower support line coming from November 2017. As we get further into this flag we're going to want to look at four critical times in the near future for breakout or destruction: 3/15/2018 , 3/26/2018,4/3/2018 and 4/24/2018.
Whats the next move? If youre paying attention to the swings, play the game and recharge your bags. Watch the times stated above for breakout up or down and hedge your bets accordingly. If we break resistance we're looking to explode, if support fails we're going to fall hard and fast. Fasten your seatbelts and hold on for the ride!
Watch this thread for updates!
-Banana Mango signing off.
Disclaimer: Im not a financial advisor and this is not financial investment advice. For educational and entertainment purposes only.
Lets jump right into things!
How are we looking? We're being CRUSHED by downward pressure over the last week and have lost support of all EMA lines, fallen through the ichimoku cloud, completely over bought on Stoch RSI, and nearing the heaviest of resistance lines coming down on us from our All Time High of about 20k~ USD.
But FEAR NOT all is NOT lost!! As you can see we have a support line coming from our most recent dip to around $6k and a lower support line coming from November 2017. As we get further into this flag we're going to want to look at four critical times in the near future for breakout or destruction: 3/15/2018 , 3/26/2018,4/3/2018 and 4/24/2018.
Whats the next move? If youre paying attention to the swings, play the game and recharge your bags. Watch the times stated above for breakout up or down and hedge your bets accordingly. If we break resistance we're looking to explode, if support fails we're going to fall hard and fast. Fasten your seatbelts and hold on for the ride!
Watch this thread for updates!
-Banana Mango signing off.
Disclaimer: Im not a financial advisor and this is not financial investment advice. For educational and entertainment purposes only.