elpokor

BTC: a Weekly review

COINBASE:BTCEUR   比特幣/歐元
Here's the chart in a readable jpeg format

Well, this is kinda of an update on one of my previous charts, with the recently closed weekly candle. For the 2014-2015 references, check the indicators in other exchanges as Coinbase wasn't in the game yet. The overall scenario looks like a trend reversal, not calling full bulls out yet; but we should at least be ranging in the yellow "back to the mean" zone which I'll detail later. I expect the little bullish green channel to provide support to reach the targets of the falling wedge we confirmedly broke to the upside this last week.

Ignore the Fibs, as they're there for smaller timeframes. Have a look at MACD and Stochastic's hidden bearish divergence

Tough call to make. Looking at the indicators, I can see people selling off due to the hidden bearish divergence, and the daily overbought indicators; but I think that could be a bear trap setup. (Pepperidge Farm remembers 5475€ $6700 as a nice buy-in https://www.tradingview.com/chart/BTCEUR...). People missing out last week's prices might FOMO-in if we dip somewhat substantially and snowball that into a bullish close of this week's candle reaching the 7800€ (conservative, non-Bulkowski's) target of the broken falling wedge ($9650-$9800). Definitely an interesting week ahead!

This is how day-1 of the week looks: we retraced from the 50 day MA but the green bullish channel top is holding as a support
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出