BTC under 3k in 2018BTC Short
Here we have 1d BTC:
- blue dashed line is simple linear regression (days/close price).
- rainbow-line is Hull Moving Average 100 days.
- green-red-line is simple moving average 400 days.
- grey line is 800 days moving average,
- middle green doted line (between the previous two) is weekly MA20-STDEV20 (see Bollinger Bands)
- and than standard Coppock and simple SMI Ergodic Indicator.
Looking at how events unfold at 2014, I think the downtrend is here to stay:
- probably on the long run (meaning 2018), we might see BTC under MA800day, which means BTC under 3k in 2018.
- as for mid-term (March-April-May) BTC might bounce back at ~6.5k and/or at ~5k.
This is NOT a trading advise, just my biased ideas. (My advise would be: use stop-sell, always calculate risk and try to avoid FOMO.)
Criticism welcome!
