BTCEUR to 4100-4500 EUR zone

2 lut 2018

Not trying to be pessimistic but there is a lack of volume on this "crash", so it does not look like a bottom.

We need to go back to the 2017 uptrend in log to find support levels. We just broke uptrend (C) and the 62% retracement.
If we look at the fib levels of 2017 advance we get a 78% retracement at 4100-4500 EUROS.

So we are not done, we need to see big volume when the US wakes up.

4 lut 2018

Uwaga

We are bouncing on the 62% fib retracement. while we had a big drop, the bounce back has lacked total strenght.

The MACD are still down as well as parabolic SAR.

I would not be holding here. We need to see a much stronger capitulation.

5 lut 2018

Uwaga

breaking to 5200 EURO.

We want to see even more panic selling down to 4000 euros to mark a bottom and at least see a "dead cat bounce".

I am looking for volume similar to the big green days in December.

If I can trade on the hourly or even smaller time frame, I would buy around 4200 euros.

8 lut 2018

Uwaga

It went down to 4800 EUROS touched the trendline (B) and bounced.

We need to get back up to 10000 EUROS and break (C) to enter into a long term bull.

closing this for now.