It looks like the price might have found a bottom, the volume seems to indicate a rebound. Using a sane SL, one might attemmpt a trade here . First TP, maybe in June
we'll see tomorrow what happens with this weekly candle. If it turns red, #BTC along with all other #altcoins is probably going for a swim. Here's what I think of it
the symmetriacal triangle seems to indicate a continuation of the downward trend. Should the formation be confirmed the price could reach 23000. From there on, either find a support or even reach further to the POI at 18000.
This could however constitute a divergence in the MACD indicator, showing an oversold market and thus inviting the buyers again in the market
after forming the double bottom, the uptrend is still intact. If it breaks out of the range upwards it could easily reach 14000 (Fibonacci level)
LONG
BUY 13700
SL 13600
TP 14000
The rally is losing momentum and the time for a correction could come in the coming hours. If a support is found, a higher high, at the first Fibonacci extension could be reached.
LONG :2680 $
SL: 2580 $
TP: 3180 $
since the original rumors regarding the Apple electric car being assembled by the canadian-owned Magna Company the company stocks have been on the rise. The expectancy went a little bit too far and a divergence in the MACD has currently formed. After a light price correction, the Price might go higher. The first Fibonacci extension was elected as point of exit for...
