Nothing to worry about (at least for now)

- No clear reversal pattern

- BTC found resistance at MA 200 (D) which is normal as I did not expected an easy breakout

- (4) is a normal and small retracement (0.382) from (2) to (3)

- BTC found support at EMA100 (D)

- RSI trend line not broken

Komentarz:

This is my point of view right now.

I expect BTC to reproduce what Gold did in 2012.

On the short term it could continue its bullrun consequently but may suffer from a massive breakdown later this year (i.e. around the ETF decision, could be before or later) until Q1-2019.

Komentarz:

The graph above is the Gold price in 2012.

The arrow in red represents where we could be in a comparison BTC 8/1/2018 vs Gold 8/22/2012.

Komentarz:

Although the 15min timeframe is absolutely not reliable at least it shows positive signs.

Komentarz:

It looks like a bear flag is forming

Anulowano zlecenie:

As expected the market went down