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I’m going to preface this with I know a lot of people here dislike TA; However, I have seen a few ask for more of it in the community. I am by no means an expert, but my trades are net green using simple TA with support and resistance lines. Based off these charts, BTC and ETH have broken support. Considering we have been pumping quite a bit, a pullback is healthy, and it just so happens that the next major support will be a perfect 50% pullback since march 10th. These 50% pullbacks are common in trends and happened after the January pump to 24k and 1700 respectively. I am not saying anyone should sell or short, but I do think that there is a possibility we momentarily revisit these levels. What I do think people should do during the next week or so is prepare to be able to buy this possible dip. Edit: I should add that hitting 24k would give us this nice support line along the bottom. submitted by /u/Dalkson |
via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/12uk1wt/a_little_ta_as_a_treat/
