SelaNefa

SelaNefa

As mentioned in my previous post, we found support in confluence zone of the two support lines shown here in green. The massive pump last week pushed us above the down trend line on the linear scale. However, when you draw a line in log scale, we haven't crossed it yet. This line is shown in red here (a line in log scale becomes a curve in linear scale, in case...

SelaNefa

BTC found support in confluence zone of 2 support lines established between 17-07-16 and 18-02-06 and broke down-trend channel resistance. For now I assume the correction is over and a new circle started, that will bring us to 34k-35k. In another scenario we explore the 4-5k levels before heading towards the same target.

SelaNefa

Hello everybody. Welcome to my update analysis on Bitcoin. As I said in my previous post we are a falling wedge and we are approaching the apex in the next few days. My initial thought was that we will go down to 6000 where we can expect massive support from the 6th february low. However we do not necessarily have to reach that exact spot. Looking through the...

SelaNefa Updated 

Ethereum used the past 7 hours of this calm day to relax and brew a nice cup of coffeee. Enjoy it! Bitcoin tried to do the same but the result was not quite so aesthetic. However the technical outcome is the same. We have to break the top of the bear flag or it else it's going down anyways.

SelaNefa Updated 

Hello folks. I think we are in a falling wedge, that will soon bring us down to the 6000 area, where we have a double bottom with the 6th february low. After that i expect a slight bounce as we approach the top of the wedge. As soon as we break the wedge to the upside, we can rally to breakout price + base of wedge (around 1700$), somewhere in the 7900-8100 zone....

SelaNefa Updated 

Hello everybody. First of all I would like you to know, I just started trading yesterday and it didn't end well when i panic sold my long trade at 7700$/BTC. So trust me when I say: I have absolutely no clue what i am doing here!! Anyway, I just wanted to share my thoughts. D4rkEnergy actually pointed this scenario out in his most recent analysis . I'm talking...