Burning the Candle at Both Ends - TA Update - Feb 2nd 2018

in #bitcoin7 years ago

I told myself to stop. But, I can't. Now I'm diving into the candles. Goddamnit I'm back looking at the candles now!

Alrite, well now that we're looking at them whaddayasee?

A hammer. BTCUSDFeb22018.JPG

Small body, long wick. Some small guys are the lucky ones after all..

Tell-tale signs of a reversal. In this case probably a short one since we're still downtrending. Yet, as I type this out price is still going down.

Maybe this hammer is all out of nails.

I'm going to be watching closely for the next little bit. I'm sitting on some fiat I want to dollar cost average my way into the market with. Obviously, I'm not going to through it all in the market at once. Don't be ridiculous.

Sort:  

Agree with you. I'll be watching an attempt on the next critical support level. For me, it's not a bull until BTC crosses the past ATH

What support level do you like? I'm looking at the 78.6% fib retracement. And, possibly 7350.

Coin Marketplace

STEEM 0.19
TRX 0.16
JST 0.030
BTC 67838.57
ETH 2628.40
USDT 1.00
SBD 2.72