- A Fibonacci retracement study using the latest dip as the starting point, and Dec 2017 as the upper limit.
- Bollinger bands with default values to detect possible breakpoints
$9500 acts as the next resistance level on the fibonacci scale, and then $13500 is the next ceil. I suspect BTC will rebound on $9500 with and enter the $3500-$6500 range before going up again.
Also, some of the altcoins are on their lowest values since 2016, so there's a chance that capital from BTC will start migrating to the alt market, enabling a possible "alts seasion" where pretty much all coins gain value against BTC.
This is a completely amateur study and I would much appreciate any feedback or insights
- Bollinger bands with default values to detect possible breakpoints
$9500 acts as the next resistance level on the fibonacci scale, and then $13500 is the next ceil. I suspect BTC will rebound on $9500 with and enter the $3500-$6500 range before going up again.
Also, some of the altcoins are on their lowest values since 2016, so there's a chance that capital from BTC will start migrating to the alt market, enabling a possible "alts seasion" where pretty much all coins gain value against BTC.
This is a completely amateur study and I would much appreciate any feedback or insights