Everybody is waiting that the head and shoulder top plays out but meanwhile btc breaks out up the chuvashov fork.
I see three resistances that we have to break to recover from the correction.
I see three resistances that we have to break to recover from the correction.
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hit target 1
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added a little bit to position here as hedge for altcoin positions
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korea might show the next path
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Korea trying to break out and has a permium of $5k
Japan has a rising wedge but als has a permium of $1.5k
For me it seems like the arbitrage route is west -> japan -> korea
Japan has a rising wedge but als has a permium of $1.5k
For me it seems like the arbitrage route is west -> japan -> korea
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this chart showing the price of west exchanges (bitfinex, bitstamp, coinbase, itbit and kraken) combined and weighted by the volume.
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hit target 2
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korea new ath
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The current correction is a wedge on 2h timeframe. breakout up would target 19500.
If it goes down further, its time to rethink position, maybe take some profits and wait for new long signal.
If it goes down further, its time to rethink position, maybe take some profits and wait for new long signal.
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to remain bullish we should close above the ma20 which was resistance before, switching to daily chart
Trade stängt: Stopp nått:
stopped, could be the bottom though.