Bitcoin can have more Blood 3200 or Consolidation ?

BTCUSD



This is Immediate short term analysis on BTCUSD
All i am seeing is more consolidation Withing this tiny triangle formed on 4H-TF .
1.In First Case We may test, hit our previous high 's near 6k, reject and come back rapidly for more consolidation within 4800-58xxk ranges which actually the ranges of the triangle if we fail to find significant volume we may fall down lower (not likely yet) .
2.Breaking down the triangle and testing support near 3200 levels after testing 4800 (this might not take more than a day if we go break and go down rapidly and have a bearish weekly close below 5100).
I Personally think that the second case is more strong sorry i am not a bear but still it is the way i feel atm.


Happy Trading This is Not an Trading Advise .PLZ use Stop Loss Since its always good to Bet on losing your 3-5% of position rather than losing all of it. Good luck.
Dates for supports you must scroll back to find support and crucial wicks: 06-16 DEC 2018 and 15 16 Sept 2017.
{Posting at 8pm UTC-Last 4h Candle of the day}

Comment:

we broke out the triangle lets see if my chart works out.. Towards the Case:1. (First scenario up till now.. lets wait for the close.

i dont know why this chart is not moving

Comment:

Testing 4800 levels once more.
Breaking down here can take us to 3200.

Comment:

may see another rejection from previous zone 5990 . Chart is still valid

Comment:

will upload an update

Trade closed: target reached