fehimsahan

BTC January 2019

Short
fehimsahan Updated   
COINBASE:BTCUSD   Bitcoin
If Inverted Head & Shoulder doesn't play out.

I think that there are still more longs to be taken out before a bigger corrective wave up to 5200 area.

20-50 ma cross is about to happen which could be bullish. Which why 1st green box is much more possible.

Green boxes are support/bounce areas.
Trade active:
1st target hit and is atm support
Comment:
So the bullish cross did happen before price hit 36xx area so the price went up to 4000s. Now its back to the support area.

As you can see a bearflag is formed, I have pointed out bearish 20-50 cross and 20-200 cross in red. Also there is 50-200 bearish cross on the way, which is super bearish and could send us down to the next support around 29xx.

If daily closes like this, a bearish 20-50 cross is also on the way.

The only thing bullish is the MACD.

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