So I have come to a working chart, that so far is working, that is the reason why I have been a little off the last days on what regards to TA analysis and crypto in general.
The chart is based on some TA analysis plus a work I did together with a friend. Since he collaborated and we do not want to reveal the "secret" I will only post our "prediction" for you to follow (or not), with not much information on the analysis behind. I know is not my usual way, but if this works as we think it will, he is making us a favor at allowing me to share it with my followers.
After February longest BTC correction we have entered into a territory not seen before, we are above 10 K territory and this makes many technical analysts be reluctant in casting predictions. What I believe is that there is still plenty of room to follow a trading channel, make some buck on the uptrend, and why not, to use CFD´s for price corrections and profit on the way down.
Here is the chart
This is not an investment recommendation, follow at your own risk
We are now entering into the Accumulation sideway channel, right after 11,6K was hit. So, considering the two lines, there will be lower highs until rebounds in around 11K, once this key support is touched, we expect it to rebound with some strength until 11,4K. (which happened in the previous hours. Right now is trying to break to sustain itself above the 11.7 K which is a tough cookie as seen in previous opportunities.
Though the graphic is not really well drawn (sorry) the main idea is that we are now in the moment after the climb from 10.8 to 11.6. we expect then a retracement to the 11K line, which will be slow and sideways, so having that in mind you could make a decent profit with short-term trading.
As long the trend is working, we will keep posting on the same Trend prediction chart. Have in mind that after the chart ends there is a continued line, which we will post later on.
I really hope this keeps working as it has been for the last two week for us, and we all can make some profit, which can be turned into some Steems
 @Santana33 | ||
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