ArShevelev

Bitcoin Long story Short | choppy 46K

INDEX:BTCUSD   Bitcoin / U.S. Dollar
Since my previous updates, Bitcoin sits in the range 46K and 43K. Causing price jump up and down 5% within a day.
Keep your positions on hold, this might take a time before trend show up again.
Hopefully we going to see daily closing above 46K, which can give us another impulse leg up.
Price resistances givs us good understanding of targets and possible reversal points.
But in case breakdown from 42K, we most likely will see price failing lower to sub 38K so take it to account before taking big bets for your positions.


Keep your heads up
Artem Shevelev
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Comments

When prices try to break resistance for too many days....
hard, long, sudden and bloody dump is imminent.
I been telling you this for weeks, signals are clear, prophets are many, objective people is rare, promises of 200% profits are like virus
up or down, you can make profits...... design a plan, listen no one, don´t be greedy.
TRADING IS A MARATHON, NOT A SPRINT.
+2 Reply
bjcsinvest CryptoTlatoani
@CryptoTlatoani, You hit it on the head. All the signs are pointing to a freefall to previous resistance of $30K or Fib level of $22K. Happy trading!
+1 Reply
Correct Analysis.

Dankal Waves support this view.
Reply
Nice chart buddy
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thx for chart, sorry but the font and it's colour is nearly unreadable
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ArShevelev coinwide
@coinwide, thanks, will replace on another one ;)
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