An update on that post i did on 30 Jan, where i tried to show some objectivity on the current stage of the market. If you want to know more about it, read the previous analysis about this.
As you can see, i have drawn yellow circles on what i think were currently is. Just to give a picture of what could happen the coming period. It’s still not clear if this is just an correction or an impulse wave up to start a new trend. A lot will depend on the coming week i think keeping an eye out for and conviction.
The 3700/750 is still a big level to break, we can compare it with the 3650 (bitfinex) back in Dec. If that zone breaks with good again, chances will be much bigger for a continuation of the rally. But we have to see it break soon, would be best if it happens on Monday already. So far is holding it’s levels above 3600, alts look very stable as well, so it’s looking all very good at this point.
If we look at the others, none of them crossed the 3450/80 level/zone has now. In other words, this whole picture will fail if that level breaks again. Markets needs to keep it above that level, but preferably even above 3570/50
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Current analysis:
Published at Mon, 11 Feb 2019 18:18:08 +0000
