I strongly beleve with the new upcomming bitcoin futures, the bitcoin gonna hit 20k this weekend. So I sold most of my alt-coin holdings for BTC, last night.
The last futures of the past week didn't had negetive influance on the bitcoin yet. So people feel safe to buy btc now, their could be a real bitcoin rush. I expect most alt-coins will drop in price this weekend, because of the trading volume moves to bitcoin, from monday we will see an alt-coin rush again.
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Some learning post for my followers. This is how I see and analyse all the markets. It's easy and good result. Just see everything in channnels, like I did below for the bitcoin. When crossing up or down you can sell or buy.
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We're in the demand zone. Good buy opportunity for bitcoin now. I post chart soon.
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Some other view on the bitcoin. For me I'm bullish till probably sunday evening.
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Had a busy day with familie. I post new TA tomorrrow morning. For now im really bullish on the btc! I expect 21k tomorrow and a big upcomming bullrun.
We’ll switch tomorrow evening to the alt-coins. I keep you Guys updates with some good alt coins to invest in!
Trade chiuso manualmente
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Trade stopped. Almost hitted original target. The charts tell to sell.
Great TA thanks ! Not always easy to trade with channels however because of multiple fake breakouts and drops. Fingers crossed for 20k+ this week end I'm all-in long ont BTC ! I quite agree with your comment about BTC futures too, I dont think that they will all try to short BTC from day 1 because the guys on CBOE tried it and got burnt.
aburttschell
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Good analysis. I'm seeing a bull flag on the 4hr. Thinking we could get to 22.5k. That's on coinbase though which tends to go higher on breakouts. So factoring that in, it would be in line with your 1.618 fib.