Bitcoin clings to the last reference support, unfortunately it does it below the R & S and far from the horizontal support. These conditions make the analysis very difficult and subjective, leaving no option but to wait for it to generate an analysable structure according to my system. The next important support is at 2500. I'm not saying that I think BTC is going there, however, it's hard to see it recover from a floating position like it is right now. And here is when I fall into a subjective analysis of the classic "I believe" that almost always ends badly.
For these reasons, there is nothing left to do but wait and see how December and January go by. These times are consistent with the previous analysis in which I expected to see a movement, obviously I was expecting a fun party and not a wake.
Best wishes to all. Follow your own plans.
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Yep, it make sense
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Getting close to the time reference and still above the important support. Important to see if we have a reaction
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The price reacts by crossing the time reference, straight up to the R & S, without apparent reason and without having touched its best support. Unstable movement from my point of view. It's good to see the numbers in green but not to go crazy.
Hi! "Yep, it make sense". Does your sentence mean the party is still confirmed in January 2019?
normstock
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@supergoh, No, on the "BTC confirms the party" chart I announced that I expected a bullish movement, I knew something was going to happen and I thought it would be up. However, it was not like that, the movement was actually the loss of support in 6000.
The comment "Yep, it makes sense", I did it because when losing the "last reference", the next important support is in 2500, so for me it makes sense that on December 6 it was close to 3000.
In this graphic I am waiting and really wanting BTC to touch that important support and if it does before the end of December, the better. That would give me enough information to do a good analysis.