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Hedayatyazdani
Dec 2, 2018 9:27 AM

BTC H4 go Short side but wait for reaching the trend line Short

Bitcoin / DollarBitfinex

Description

The price is about to reach the upper trend line ( both longer and shorter time frames) and an ancient resistance area. if breaks out the zone, it will go up until next resistance area. I have marked it with a bold maroon line above the chart but if the price returns and it is very possible, the price will fall until the lower trend line. if breaks the lower trend line it will fall again until next ancient support line. My mean about these ancient support/resistance lines is "they have constructed before 2017" ( for more information about this ancient support/resistance lines see weekly chart).
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