AhmadAburas

A few more weeks until we stabilize at the last major Support

Short
AhmadAburas Updated   
BITFINEX:BTCUSD   Bitcoin
In 2019 we can either see positive or negative fundamentals that will cause a huge price shift, but as of now through the end of the year it looks like we are headed to a low in the zone between $2500 and $2900. This is a strong support and will likely hold until we get massive price action arising out of significant fundamental change.

For day traders, don't go against the trend.
Comment:
The intra day trade played out as expected. Lets wait for further technicals to develop before taking another trade.
Comment:
The short is still ongoing and should reach the Major support line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.