Long

BTC potential return if break and hold over 12,000

Updated

Very important for macd orange signal line to break above for reversal signal @ $12,000, RSI should compliment by reversal pattern break above 60 (61/62).
TP points at 14,500/17,500/19,500
future analysis will be given at 20,000 break.
Personally though reversal would take longer. entering trade with caution, but overall very much bullish on Cryptocurrencies.

Note

Although BTC described as alt to usd, usd index full reversal pattern shows a correlation to be falling against usd, and rise in eur/gbp since end of bond buying program dec 18 2017. hence a further fall in btc may be expected in march. to the 3-5k region. a hedge in small alt coins could be
XVG 50% 0.00002
33.3% 0.00003
16.7% 0.00004

BITB 50% 0.000005
33.3% 0.0000075
16.7% 0.00001

XDN 50% 0.000006
33.3% 0.000009
16.7% 0.000012

SC 50% 0.000006
33.3% 0.000009
16.7% 0.000012

XMY 50% 0.000003
33.3% 0.000005
16.7% 0.0000075

RDD 50% 0.000002
33.3% 0.000003
16.7% 0.000004

these coins show a rise in value since dec 2017. keep in mind since added to futures by sec, leveraged shorts can be taken out against btc in large quantity.

Note

after first released signal on dec 18th that i released, we see the rise of gold (fall of us index), and the rise of eur, which also corresponds to the fall in btc date, check yourself. second signal comes at march 2nd, we are seeing btc once again at a defining point. check out my final signal and analysis on gold to find out more as to why trend will continue upward (fall of us index), and my eurjpy analysis has a link and clue as to where money is going to be coming out of.

ZoloEnid

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