BTC short - long term

BITSTAMP:BTCUSD   Bitcoin / Dollar
Here we have the BTCUSD 1w MACD and 1w TSI.

Chart talks for itself, based on this, I think, the current correction/downtrend might take months/years.
I have no idea how long, but last time, it lasted from 27th of Jan, 2014 -> 12th of Oct, 2015.

This is neither a trading advise, nor a prediction, just a simple opinion from a non-pro.
Comments/criticism (preferably with indicators) are welcome!
Trade ist aktiv:
Trade ist aktiv: 1w CCI is less than 0 now -> likely that lower Keltner Channel comes into play -> we might touch 7k.

Kommentar: based on 1w standard BB, i believe the strong green light might be BTCUSD support line

kind of worst case scenario based on weekly standard Bollinger Bands
i think it depends on tether.. BTC savior, if tether dies there will nothing helping btc from bears.
+1 Antworten
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