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Crypto-Hamster
Dec 12, 2018 1:21 AM

BTCUSD: 3.3k to test again and break lower Short

Bitcoin / United States DollarCoinbase

Description

The 3.3k support was tested yesterday as expected. The price didn't break it, so today it is forming another triangle, and 3.3k if the level to test again, which is very likely to be followed by the exit from the triangle to the zone below.

For those, who is still wondering about the bottom to be at some crazy levels: EVERY major bitcoin rally that was followed by the crash, ended with a new ATH, while every new bottom was higher than preceded ATH. That is why it is VERY unlikely that BTC will drop below 1200$. No 1k, no 100$, nothing of such non-sense.

Not a financial advice.
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