Hi folks.. it seems like total market cap (global) cant cross the 400 billion line and I expect a retrace back to 8300$ BTC levels (short term, next 4 to 5 days). (see the black line and red arrow)
But then again, the retrace is only a retest lower levels to gain traction and needed volume to break trhough the 9.1k barrier thats holding the actual trend down for a few days. Higher target is 11600$ BTC after the double top in february and march. Until then we are in a neutral trend zone. If we pass 11.6k (green arrow) we will probably go into an mid term bull trend with higher targets up to 15'000$.
This short/mid term analysis was made with the latest RSI / Exchange analysis of the top 10 exchanges.
What are your thoughts peeps?
But then again, the retrace is only a retest lower levels to gain traction and needed volume to break trhough the 9.1k barrier thats holding the actual trend down for a few days. Higher target is 11600$ BTC after the double top in february and march. Until then we are in a neutral trend zone. If we pass 11.6k (green arrow) we will probably go into an mid term bull trend with higher targets up to 15'000$.
This short/mid term analysis was made with the latest RSI / Exchange analysis of the top 10 exchanges.
What are your thoughts peeps?
