Time to go up! Amateur chart analysis- literally first one I've published. Constructive criticism is appreciated, along with any other Ideas. DO NOT take this chart as financial advice, it is only for my own personal reference, and I cannot take responsibility for your decisions.
Seems like we have a H&S pattern forming, hopefully it follows through and gives us the reversal we need. We've been cruising at support for most of the morning.
Order storniert
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Stop loss hit, dropped to 550 area, can rebuy whenever BTC finds a solid support, if you're already bought in I'd suggest holding until mid Feb, hopefully volume returns
so we can exspect a bounce, when it hits the channel bottom?
KesslerSeitter
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@xyzj12, hopefully so, I don't see it going below this 580-600 range, or at least not today. Will probably go up once we get some volume, I'll be keeping an eye on it today. Hopefully it sticks to the TA. It's been hanging around 590 all morning thoigh- possibly going to 570, I'd put in a buy order there and watch it for the day. Major support at 600, the second is at 565.
KesslerSeitter
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@xyzj12, another thing to consider is as volume goes up and price increases, we're likely to grow quicker due to fomo buyers coming in wanting to catch the wave, but this is all just speculation.