My bias is SELL BTCUSD,
The consolidation period is nearly over, the MAs are widening out for stronger price action. Breaking out of the two resistance levels we have marked out. "BTCUSD to 5K" Says CRYPTOWZRD, I am with this bias however i think we should take it one step at a time, so i shall be shorting bitcoin to 6.4K. With a stop loss slightly higher than normal to allow wick fishing. The fed reserve did a speech yesterday which rose the price up slightly, still within our two resistance levels. Will this consolidation continue to the end of 2019 before the big bullish run up to 16k? Or will BTC fall into the waters before a huge bull run? Will the resistance even be broken? We shall see over the commencing weeks.
The consolidation period is nearly over, the MAs are widening out for stronger price action. Breaking out of the two resistance levels we have marked out. "BTCUSD to 5K" Says CRYPTOWZRD, I am with this bias however i think we should take it one step at a time, so i shall be shorting bitcoin to 6.4K. With a stop loss slightly higher than normal to allow wick fishing. The fed reserve did a speech yesterday which rose the price up slightly, still within our two resistance levels. Will this consolidation continue to the end of 2019 before the big bullish run up to 16k? Or will BTC fall into the waters before a huge bull run? Will the resistance even be broken? We shall see over the commencing weeks.