My TA and thoughts of BTCEUR
Looks to me that BTC likes to retrace to the 0.78 fib. level.
If this holds up for this Elliot C wave as well coming down and are about to finish,
we're looking at approx. entry points for long position at EUR 5761
If the major support is spiked/broken, we're looking at EUR 4638
This will create a double bottom, and might be a clear reversal point
Let's hope in this case that Major Support trendline is just spiked, and not broken for further Bearish momentum and lower prices...
This is only my thoughts and analysis, and are not to be considered financial advice. Please make any buys/sells at your own risk and analysis.
Looks to me that BTC likes to retrace to the 0.78 fib. level.
If this holds up for this Elliot C wave as well coming down and are about to finish,
we're looking at approx. entry points for long position at EUR 5761
If the major support is spiked/broken, we're looking at EUR 4638
This will create a double bottom, and might be a clear reversal point
Let's hope in this case that Major Support trendline is just spiked, and not broken for further Bearish momentum and lower prices...
This is only my thoughts and analysis, and are not to be considered financial advice. Please make any buys/sells at your own risk and analysis.