P_S_trade

BTC 2h. $11,160 is getting real.

Short
BITSTAMP:BTCUSD   Bitcoin
Good morning!
Consolidation and critical point in the market motivates to work more by looking for clues in history! Today we woke up and saw an interesting pattern and deja vu attacked us...

In our previous idea, we wrote about the importance of the mark $13,100. Buyers failed to fix above this mark. In addition, sellers have shown that they are ready to fight and will not allow the same uncorrected price growth as it was a few days ago.

The last time such a formation was noticed on the BTC chart at the beginning of May 2018, from there the fractal was copied and imposed on the current situation.

When the BTC value breaks through and fixes below $12,750, then the falling prices process will finally activate, for a start to the level $11,160-11,200.

If this fractal works out completely, then we will have a hint of the probable Bitcoin price movement for the next 2-3 weeks.

We hope this information will be useful for you and help you become richer)
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