1st of all Happy New year.
It has been an incredible week for Crypto particularly with BCH XRP and Bitcoin. Ive begun trading CFDs after a ten year layoff and I can say I have entered BCH and BTC on the daily of the weekly rules posted 27/12/2019.
Anyway lets begin our fortnightly bearish series.
Last time I spoke about the relation of where the Stoch RSI was and where it was THAT time a year ago, things are playing out quite well accordingly and if we can break and hold $8430 at least for 2 weeks than we can kiss the following goodbye: If we get rejected from the Mid BBand and continue our downtrend then we can see a bottom between $4143 - $4341. The chances of this happening right now is slimmer than it was a month ago.
That's it for now, This is based on my opinion on how I read the charts.
It has been an incredible week for Crypto particularly with BCH XRP and Bitcoin. Ive begun trading CFDs after a ten year layoff and I can say I have entered BCH and BTC on the daily of the weekly rules posted 27/12/2019.
Anyway lets begin our fortnightly bearish series.
Last time I spoke about the relation of where the Stoch RSI was and where it was THAT time a year ago, things are playing out quite well accordingly and if we can break and hold $8430 at least for 2 weeks than we can kiss the following goodbye: If we get rejected from the Mid BBand and continue our downtrend then we can see a bottom between $4143 - $4341. The chances of this happening right now is slimmer than it was a month ago.
That's it for now, This is based on my opinion on how I read the charts.
