Bullish v.s. Bearish on BTC. Going sideways?

11 wrz 2018

Not much going on after getting a big ass beating. Lesson learned; euphoric = selling. Better to miss the fomo train, than losing your profits. Two scenario's based on trendlines, support/resistance & fractals.

Bullish (short term) scenario [1]
Best possible scenario is that BTC going down and hit the support trendline once again before testing the resistance trendline. Will be going sideways for a while I'm assuming, now every bull is silenced since the last short. Reasons:

• Divergence on 4h timeframe
  
• Fractal indicating a possible trend reversal (short term!)
  
• We've met support at 6100, forming a support trend line
  

Bearish (short term) scenario[2]
BTC going down to support between 5800 - 6000. Continuing the bearish trend and we'll have to see from there.

• Still in the bear trend since start of 2018
  
• No real bounce met from support, volume is missing also
  

My bets are on the first scenario. What do you think?

21 wrz 2018

Uwaga

That went quicker than I was expecting. WOosh!