This is a Long Term view regarding .
We just broke our triangle and headed straight ahead to the 4k USD zone.
This zone represents our first blue retangle zone, that`s our zone of supports.
If we loose that zone, we can reach the Second zone of our , that is on the USD 3400-3600 Zone.
We also have our Moving Average of 200 periods passing by 3100, that is a huge support/reversal zone.
Our worst case cenario is at 1200 -1600 USD.
What should I do? If you want to accumulate more , buy partially on these levels.
If you just want to earn money, wait for a clear trend reversal.
I do think this bearmarket can last a while, at least, until January when Bakkt opens
—–> Short term <—
We can see a move to 5k-5600 Levels, as a normal movement since our is highly oversold and this movement is normal, called as a Pullback
Published at Thu, 22 Nov 2018 03:27:01 +0000