Good morning, dear steemians and traders!
BTCUSD: D1 chart
According to Bitcoin, there are many pessimistic forecasts, but according to the technical analysis on chart D1 a bullish Flag was formed! This figure indicates continuation of the trend, but does not exclude a few more corrections within itself. The next rise will probably be more smooth and less exponential, with a smaller angle of the trend. It is possible that we will see a price of $50,000 or more by the end of 2018 or early 2019. The forecast is long-term, taking into account the variables, it can still change after 2-3 months. Bitcoin needs to solve a number of problems, one of which is scaling, as well as obtaining legality and legislative regulation in a number of large countries.
ETHUSD: level $1060 may lose its value
The ether went faster than Bitcoin, apparently a positive news background. The survey showed that most of the participants were attuned to flat and slow growth, but growth began earlier. Now the price is trying to gain a foothold over the Pivot support and support level $1060 (may lose value). Also, the line of the uptrend was formed with a large angle, apparently a number of corrections can not be avoided, indicators are also talking about this, there is a moderate overbought on MACD 19 and 20. After correction, growth will continue, long-term goal as before $1500 towards the end of spring, although this peak can be conquered faster - in March-April!
DSHUSD: meets resistance in the area of the reference Pivot
DSHUSD completed the figure "Head and shoulders", but it has not yet realized itself to the full. The price meets resistance in the area of the main Pivot and after some time it will overcome, for this it is necessary to increase the volumes for purchase. Longi can be opened from the middle of the Keltner channel, with the goal of 50% Fibo. There is a likelihood of movement to 61.8% of Fibo, but the dynamics of the upward movement will most likely be stalled, so it's not necessary to expect Fibo's growth to 61.8% before the end of January. It is worth noting that the "head and shoulders" is usually realized by a stronger impulse, apparently there are restraining fundamental factors. Level $806 loses its meaning.
If there are here those people who share my opinion with me, then please follow me! If there are critics, then please leave them in the comments. I'll be very happy!!!
I wish you profits!!!
Information presented in this material is the opinion of the author and is not an offer to a specific action.
Thank you for being with me!