we currently awaiting the major breakout between the 25week and the 150 week moving averages for the price. we have a bear flag formed but with the stoch rsi moving out of the oversold region, and the CCI momentum indicator showing divergence, i feel like we are getting ready to retest the 25 week mvg avg soon. the larger pattern produced over the course of this year is producing a bull flag. if we are truly at the bottom we can expect a move to retest the 20K all time high. now this bearish pattern might result in a breakdown in the price but with the decrease in volatility and the strong support @ $6k i dont see much downside risk. IF you enter at these prices and IF we go back to all time highs you can see a potential 130% return. if you trade like to trade and would like to support my ideas you can sign up on bybit using my referral link . bybit.com/app/register?ref=myOl9
disclaimer not financial advice.
disclaimer not financial advice.
Nota
found this just some food for thought.<img src="alternative.me/images/fng/crypto-fear-and-greed-index-2019-2-21.png" alt="Crypto Fear & Greed Index on Feb 21, 2019" />
Nota
<img src="alternative.me/images/fng/crypto-fear-and-greed-index-2019-2-21.png" alt="Crypto Fear & Greed Index on Feb 21, 2019" />
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
if you like trading with leverage check out buybit using this affiliate link!
bybit.com/app/register?ref=myOl9
bybit.com/app/register?ref=myOl9
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.