[BTC] Short term analysis 24.1.18
HI all, crypto sludge here.
So some positive news from S.Korea about banks re-enabling service to exchanges next week have allowed BTC to finish a full TD 9 uptrend cycle on the 1H chart as i talked about on my previous post.
Right now, we are on a TD9 Sell, which was a nice movement above the ichi cloud and bouncing off the 200MA.
I see a possible push for up to 11400 (128ma) due to the 4h chart on a 6/9 uptrend and then a short 1-4 candle retrace back to the cloud top with 11050$ as the support, the volume doesn't look to strong, but the movement is decisive.
Let me know what you think
Trade ON!
Crypto Sludge
I think your Post is for a big group of people very helpful!
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Upvote when your in my opinion @alokkamboj
Thank you!
a good post my friend and very useful, may you success always @cryptosludge
Thank you! so far it's playing out just right :)
same my friend i will always follow you @cryptosludgr
I think Bitcoin is in trouble as long as transaction fees remain high
I agree fees are a problem for smaller transactions.
But first of all, fess are already down to the 20-30 sat/vbyte , and Lightning network on mainnet is growing rapidly, sure it's not ready just now, but it's a matter of months until you could do transactions at rediculas costs and at incredible speeds.
Once Lighting network will be available it will completely remove the barrier for mass adoption => bullish!
Thanks for your post!
100% agree, we haven't seen nothing yet. And you are very welcome!