I previously posted about BTC and a hypothetical double top formation. Now it seems that I might have been correct I was just incorrect on the timing and the scale of the formation.
MACD RSI are both looking up, we will go back up and test the resistance. However I still predict that we will not make it over this barrier as it is quiet large! Just take a look at some of the order books on exchanges, major resistance still around the 9k mark.
The trend line I drew previously for the MACD seems to be holding. I think it will continue to bounce around on it's way up and the inevitably down. Target still the 5-6k mark. I'm just waiting.
As I stated before, I would rather miss out on some profits"" by waiting and buy a floor or a break out than somewhere in between.
I am not a financial advisor and this is not financial advice.
Thanks for your attention and best of luck,
X
MACD RSI are both looking up, we will go back up and test the resistance. However I still predict that we will not make it over this barrier as it is quiet large! Just take a look at some of the order books on exchanges, major resistance still around the 9k mark.
The trend line I drew previously for the MACD seems to be holding. I think it will continue to bounce around on it's way up and the inevitably down. Target still the 5-6k mark. I'm just waiting.
As I stated before, I would rather miss out on some profits"" by waiting and buy a floor or a break out than somewhere in between.
I am not a financial advisor and this is not financial advice.
Thanks for your attention and best of luck,
X
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Looks as if MACD is starting to roll over, and the RSI is pointing way down!
I don't know why but indicators don't update upon clicking the play button on the chart. I'll have to post a new chart later if we start to see greater movement.
I don't know why but indicators don't update upon clicking the play button on the chart. I'll have to post a new chart later if we start to see greater movement.
Who thinks we'll make it?