AyKay-Trading

Nothing to worry about (at least for now)

AyKay-Trading Aktualisiert   
BITFINEX:BTCUSD   Bitcoin
- No clear reversal pattern

- BTC found resistance at MA 200 (D) which is normal as I did not expected an easy breakout

- (4) is a normal and small retracement (0.382) from (2) to (3)

- BTC found support at EMA100 (D)

- RSI trend line not broken
Kommentar:
This is my point of view right now.

I expect BTC to reproduce what Gold did in 2012.

On the short term it could continue its bullrun consequently but may suffer from a massive breakdown later this year (i.e. around the ETF decision, could be before or later) until Q1-2019.

Kommentar:
The graph above is the Gold price in 2012.

The arrow in red represents where we could be in a comparison BTC 8/1/2018 vs Gold 8/22/2012.
Kommentar:
Although the 15min timeframe is absolutely not reliable at least it shows positive signs.

Kommentar:
It looks like a bear flag is forming

Order storniert:
As expected the market went down

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