ConsolidationNation

BTC weekly chart analysis December 2019

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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.

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