On December 27, 2018 I published a post in the Telegram, in which I said that, unfortunately, my charts show nothing, except for the movement shown above. It is not strange, but this movement successfully worked and we went downward by a local downtrend, where we pushed off and went upward by a local uptrend.
*The original post in the Telegram about the upcoming movement*
According to the result of the movement, which was predicted by me, we see that two lines of resistance formed, the first at $ 3980, and the second at $ 4090. In case we break through the first line of resistance, most likely we will continue to move to $ 5000. However, do not forget about the global downtrend, which can suppress the relatively local uptrend. The support level is about $ 3,600, and the next is about $ 3,400.
My opinion is that January will be the month of a bullish trend. And this does not mean that we will reach the moon.
Comment:
On the eve of the New Year, it was possible to observe the manipulations that led to a fall to $ 3636, my opinion has not changed, I think that we should enter an upward trend. It is important to remember that even on the daily chart we can grow without disturbing the overall picture. But if we start to fall, we will probably stop at $ 3,300 and move on to an uptrend because a bullish flag will be created.
On the eve of the New Year, it was possible to observe the manipulations that led to a fall to $ 3636, my opinion has not changed, I think that we should enter an upward trend. It is important to remember that even on the daily chart we can grow without disturbing the overall picture. But if we start to fall, we will probably stop at $ 3,300 and move on to an uptrend because a bullish flag will be created.
Comment:
As you can see, my initial idea was to open long positions due to the upward trend, which actually happened, the Bitcoin course began to rise gradually. Literally $ 200 dollars and we can see the closure of the "Head and Shoulders" figure, what does this mean? And everything is simple, this figure means a change in the general trend, and it can end a bearish trend. But is everything so simple? A limited number of bitcoins, and something tells me, a lot of bitcoins have bad people who use bitcoin because of the possibility of manipulation with impunity and getting quick and easy money. So be extremely careful.
As you can see, my initial idea was to open long positions due to the upward trend, which actually happened, the Bitcoin course began to rise gradually. Literally $ 200 dollars and we can see the closure of the "Head and Shoulders" figure, what does this mean? And everything is simple, this figure means a change in the general trend, and it can end a bearish trend. But is everything so simple? A limited number of bitcoins, and something tells me, a lot of bitcoins have bad people who use bitcoin because of the possibility of manipulation with impunity and getting quick and easy money. So be extremely careful.
Trade closed: target reached:
This idea is successfully closed, and now, I drew a new idea, which I invite you to see:
Now we are seeing the fall of Bitcoin, perhaps this is New Year's manipulation, but do not forget that after falling to $ 3600 we will go to $ 3400. So far, I do not advise you to open positions, but be careful if you open.