BTC-Coppock is negative1d standard Coppock curve (10,14,11) has crossundered 0 -> I think, it might mean, that - unless a huge buying power comes in - a 15-30 days long downtrend might to come.
During negative Coppock-times BTC used to reach Keltner Channel (1.618, 100) so extrapolating this (with low confidence), it may mean that this time BTC might go down and stay in the 8k-12k channel.
Weaknesses of the analysis:
- the "the average mourning period" parameter of Coppock might not be 11-14. Some even say that Coppock is fully invalid for cryptos.
- the hype might change the trend, both coinbase and bitstamp reported the incredible number of people registering for crypo-trading, they might change the trend, bringing in enormous buying power. (Yet, even this case, I think that, down the line a real correction shall happen.)
So my superbiased "CI" for this rough, biased estimation is ~0,6-0,7, low, because I have never seen a hype like this...however, this is certainly NOT a trading advice (I am not a pro), just a biased, personal opinion, trading-tactics-sharing.
Calculate risk (cryptos are superrisky), use reasonable stops, check background technology deeply, avoid FOMO and have fun!
