SWINGPROFESSOR

BTC Update 08.12.19 (Neutral)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys!

A small idea update from me on BTCUSD - a bit longer term idea!

As we analyse this 1 D chart on Stamp... What do we see?!
What if this scenario is slowly playing out?! We could see a revisit of the 9,000 $ areas or even lower. Eventuelly even 8,500 $ - 8,000 $ for the very last time?
Gap traders would be happy...

If this scenario plays out, there could be a inverse head & shoulders forming on the 1 D chart. Of course it will take some time to develop... August could still be kind of a red to neutral month, but September could start the slow but steady uptrend till 20,000 $ areas. I see a high probability that BTC will pass 20 K around end of December of 2019.



Let's see...


Happy and safe trading!
Always place stop-loss and don't forget to take profits!




*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.

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