Bitcoin leader or follower?

No wonder that the charts between ETH and BTC look very similar, let's see how this plan develops.

Note

Being very generous Bitcoin reached to scrape the target area (being too generous)

I really think there are more behind ...

I know that a lot of people are afraid and is super bearish, for comments, charts and analyzes or any other reason. In my case, I only take into account the news that I think can generate a global impact on the price, whether they are true or not ... for example, China, JPMorgan, hacking etc. That information I compare with my chart and I take the decisions.

I do not get blind either, we cross the R & S area firmly and we are very close to what I mark as a target, of having taken the wrong support could mean that we have effectively touched the target and are going back to the R & S area near 9000, that it's a possibility.

I do not have real reasons to believe that the price is going to fall, a normal retraction? ... maybe, even so I will keep aware and make the necessary decision at the most appropriate time.

Keep your eyes wide open... best wishes to all!

Note

Targeting missiles to B or C.... let's see how this develops.

Note

Wich part of "target reached" I do not understand?

Note

Friends, I know there are a lot of negative news and many charts that show falls in some serious and alarming cases, so i want to share my point of view.

Personally I have no reason to believe that this will happen. Different types of analysts give different perspectives but the reality is that the price goes up or down no matter how we analyze it or try to interpret it. Basically it is right or wrong there is no more.

Currently my chart offers two levels, the first one in which we currently are around 9786 (good level from the 16) and obviously the R & S. From there, each angle should offer us some kind of support and time to make decisions.

The first bullish movement was excellently accomplished by crossing the R & S inside the blue box and in line with the top arrow. The target was met on the 20th, I expected this to happen on the 23rd, so I made my sales until the 21st but still left me in a good position for the next move.

How do I see the next movement?
If this level resists, the "strong resistance cluster" may turn in a new R&S with a target in 16000 near March 28. But it's still very early, I'll have to wait and see how it develops.

I will not hold any position below the actual R&S

I wish the best to everybody. Take your best decisions only you know your goals... no one else can tell you what to do.

normstock

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