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biroutih
Dec 14, 2018 4:44 PM

BTC analysis update 0.1 DEC 14\18 Long

Bitcoin / DollarBitfinex

Description

bull is (most likely) now. wait for good signal and be careful. the lower line in the descending triangle could be a good support. also breaking up the descending triangle is a signal. watch the descending triangle at 4H. i posted down.

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i hope that my charts was useful. and i would like to know if someone following my charts, please say something in the comments. thanks

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to important levels you need to watch and try to take profit from, actually the second level where you need to get out of the market, BTC will not go more than 5250$ or 5400$

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XABCD patter at 15min, possible to retest the previous high. and fall to lower point again before another bull.

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so BTC has made a little bounce, and now looks like want to test some support down. i expect it to fall to 3570$
5min chart

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so bitcoin fell down yesterday a little more than 3579, actually to 3550$. now we have this pattern and potential to go further up. but need to hold 3623$ and not break it down, else BTC will continue to fall to 3600$.

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so it didnt manage to hold 3623$ and fell to 3600$ as i mentioned. must hold this level or will drop much more.

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BTC is rejected from the red line. need to break it up to continue the bull or it will continue to fall which i think is more likely. if it didnt hold the black line will fall towards 3550$

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so it fell to 3580$ and bounced from there. now no need to rush. it become small range and risky to trade.

Trade closed manually

time for correction. please follow there
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