Hi steemit,
If you ask me, today we could have finally seen the trend reversal we've all been waiting for in the BTCEUR (and of course the BTCUSD) trading pairs.
After a steep rise about five hours, we are still sitting at the same level it ended with.
Further, we strongly exceeded the upper Bollinger Band, which usually - with a REALLY high probability - means that there's a bounceback coming, which has not occurred so far!
A reason for that behavior could be a concolidating uptrend as shown by the thick green line.
As we can see on Tradingview, both hourly and daily Indicators suggest a good development:
Good luck and have fun, my fellow traders!
Hi, great post, worth a follow. Looking forward to some more of your stuff.
Thank you! I'm gonna check out your blog as well ;)
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Thank you for you time and have a great day!
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