Very big fall of the market during the night, I told you yesterday, the trend is uncertain and the signals are for sale. It did not miss. Nevertheless, the fall was a bit abrupt, we should attend a pull back. Is it time to recharge, a new correction is it coming?
We will see this together in a moment!
Bitcoin
The trend is still down on Bitcoin. We have clear signals of correction but we have also joined a major support. An upward recovery towards our moving averages is expected, however, this does not mean the end of the correction, it will be just a good opportunity to sell. We have returned to the Bollinger Bands, and a W is in training on the 4H RSI chart. In addition, we are very much in the oversold area on the daily chart too, the pull back seems more than likely. A new fall could occur again tonight.
The plan :
The trend is still very uncertain but we expect a pull back. In addition, we were able to recharge at a good price during the decline. We will take advantage of the pull back to sell some of our assets and replace our BL:
Buy limit: 10200 usdt (10%)
Sell Limit: 13200 (50%)
Buy limit: 10500 usdt (5%)
Ethereum
The trend is strongly downward on Ethereum. Nevertheless, we are very far from our moving averages, a return to the upside is expected, it will also be an opportunity to sell. Indeed, the signals on the daily chart are still very much down, correction should continue. Before that, a pull back is expected, the signals go up on the 4H chart, but the latter could be of short duration and be limited to the resistance to 1170 usdt.
The plan :
The trend is uncertain on Ethereum, the signals are down, we will trade down:
Sell limit: 1170 (30%)
Buy limit: 1100 (50% -> 30% sale)
Buy limit: 1020 (50% -> 30% sale)
To conclude on this analysis:
The trend is still very uncertain in the market, overall, the signals are down. Ethereum evolves in the lower part of its range but Bitcoin forms a W in the short term. A reversal of capital would not be surprising. Nevertheless, the signals indicate rather a general decline of the market. Moderate your investments, and if in doubt, place yourself low enough.
Ethereum:
The trend is uncertain on Ethereum, the signals are down, we will trade down:
Sell limit: 1170 (30%)
Buy limit: 1100 (50% -> 30% sale)
Buy limit: 1020 (50% -> 30% sale)
Bitcoin:
The trend is still very uncertain but we expect a pull back. In addition, we were able to recharge at a good price during the decline. We will take advantage of the pull back to sell some of our assets and replace our BL:
Buy limit: 10200 usdt (10%)
Sell Limit: 13200 (50%)
Buy limit: 10500 usdt (5%)
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