Hello Friends, Traders and Interested,
just a quick TA to BTC, because weekend is near over. We saw a quite typical weekend behaviour of BTC. Low volume of course and a bit uptrend. But what does it mean for the next days? Hmmmm, difficult. Yes BTC broke upwards through a bigger uptrend resistance line. But its BTC, this could mean all or nothing.
In my shown chart I used a possible fractal analysis. Normally I am not a big fan of this analysis art, but this time the chart shows an intense similar picture. We see actually a heavy resistance at the neckline in my chart. If we will break upwards, next target will be around 10 k ( a difficult resitance area). If we bounce back from this neckline I do expect a quite fast drop to first target at 7700- -7800 than down to high 6 K area.
Okay, lets start the week in a few hours.
As always, no trading advice, just educational.
Trade safe and trade on your own risk.
Yours, Sascha
A Like and a Follow makes me happy.
just a quick TA to BTC, because weekend is near over. We saw a quite typical weekend behaviour of BTC. Low volume of course and a bit uptrend. But what does it mean for the next days? Hmmmm, difficult. Yes BTC broke upwards through a bigger uptrend resistance line. But its BTC, this could mean all or nothing.
In my shown chart I used a possible fractal analysis. Normally I am not a big fan of this analysis art, but this time the chart shows an intense similar picture. We see actually a heavy resistance at the neckline in my chart. If we will break upwards, next target will be around 10 k ( a difficult resitance area). If we bounce back from this neckline I do expect a quite fast drop to first target at 7700- -7800 than down to high 6 K area.
Okay, lets start the week in a few hours.
As always, no trading advice, just educational.
Trade safe and trade on your own risk.
Yours, Sascha
A Like and a Follow makes me happy.