MrPalmTree

THE MOST DANGEROUS TIME OF BITCOIN, DON'T TRADE!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders, decided to take a break until 2019 but the market make me want to warn you something.

Look at the 1 day chart, Bitcoin -2.83% has formed an Inverse Cup & Handle Pattern and was rejected by the 200 MA, that is extremely BEARISH .

But why shouldn't you SELL at this price? As you can see, we are touching the blue uptrend line and are on above a blue support line. That means we have a strong support here. Remember, don't ignore my BLUE LINES.

That's it, we have both strong bear and strong bull atm. The worse thing is they are equal in strength now.

If you are opening a position, try to close it. It is never too late to jump in any market, don't risk your money in dangerous periods.

If we drop bellow 7300 level, our first short-term target is 5500.
The final target is 3500 - The bottom of this market that bitcoin -2.83% will never go lower that that price.

You can see my previous post about the blue lines. You should note those lines because they are the most important ones, trust me. Also in the chart are important uptrend lines, you should note them as well.

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I am MrPalmTree, if you don't know me, we will do greeting stuff later. Now i'm taking a break, learning something else and doing something else. Maybe i will come back in the summer of 2019.
Thanks for this, man.
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