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BTC has had a rough time lately, falling mercy to a technical downtrend which was basically never ending. As it stands, price has found resistance at the side-wards resistance line, and also at the 20 moving average which is BAD news. It shows we could be going into another down wave, bringing prices even lower.
Price however does need to correct. So this is the happy side of things, but WHEN it corrects is subjective and this is just my best guess/educated guess. If price holds at the horizontal and bounces to the upside this is a good start, better more if it manages to break the side-wards resistance and use it as a new .
The probabilities in REALTIME, are that price will go lower. I'd really like to see that down move to the and a bounce, as that would bring confidence back into the marketplace.
Bear in mind, it's not logical to enter a long if price breaks above side-wards resistance UNTIL price has retested the resistance as a new support already.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
>Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
Let me tell you where I think price is heading to: in three days on December 17, it will dive to $ 3,000, and around December 25, to $ 2,500. Merry Christmas!
First target: 3700$
Second target: 3880$
Third target: 4200$ > Blue trend <
Closing 2D candle above the blue-trend means that we have a great bullish wave
Dont forget to follow me for more signals ;)
However becose bears are too confident right now a lot of them are in with heavy leverage and shorts on daily are extreme high we could see april short squeeze.
That would couse a lot of bear hedache.
That possibility unless we see some realy good news about BTC is as I see only option to go up
As u see Dominance and Bitcoin on number ( 1 - 2 ) moving at the same way But in number ( 3 ) they're moving at the reversal way that means the next period would be bullish regardless the Resistances of Bitcoin * Check previous charts to know the targets of Bitcoin *
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