ConsolidationNation

BTC weekly chart analysis December 2019

Short
BITSTAMP:BTCUSD   Bitcoin
The BTC long momentum play is over for now. We not only closed below the 52 week EMA, but back tested it from below. The next mid term support should form somewhere between 4500 and 5500 where the 200 MA stands. The consolidation is just going to be a lot longer and deeper the most people think.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.