We're not through the log resistance yet

18 ott 2018

As long as BTC remains below this logarithmic resistance line, I remain neutral, with slight bearish tendency.
Only after we manage to burst through that resistance with good volume, and close above it, do I get optimistic.

From my experience, if BTC stays too long below an important resistance, dumps will occur. But that remains to be seen.

If we burst through, that will be a good sign and I will turn bullish again :)

Still very high shorts favor the scenario of a breakthrough, the other indicators MACD and stoch RSI are mixed as you can see.

22 ott 2018

Nota

It is still hanging shortly below the log resistance line. One strong push through, followed by buying and btc is through. The very high short/long ratio still favors this scenario. The other indicators still very much undecided. Guess we'll have to wait and see which path btc will take.

24 ott 2018

Nota

If drawn as pessimistically as possible, we could have sideways maximum for another 2 weeks:



Short/long ratio on finex is coming down again. If longs will overtake shorts, I think we'll see another wave of dumps.

31 ott 2018

Nota

This is insane how BTC is still below the log resistance o_O



High shorts on finex still, I am more inclined for bullish action lately. I think we might still see a longer sideways, until virtually every timescale is oversold, then maybe a slow creeping upwards. But let's continue to observe until we get a clear signal.

17 nov 2018

Nota

Well, I think we got a very clear signal to the downside. 4xxx, here we come :)