Hypov

Where are your likes ??? Forecast BTCUSDt Binance

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
INTRADAY 12/13/19 Forecast BTCUSDt Binance


Dear friends,

Continuing intraday forecasts.

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Yesterday, Bitcoin followed according to a side scenario. The priority forecast was made precisely with the indicated direction with a small out of sync in the wave breakdown (see grey arrows):

At the moment, the price of Bitcoin continues to be traded sideways, which is closed in the interval 7000 - 7300 USD

Trend by TF for today:
Week is Bearish
Day is Bearish
4 hours - flat

The situation on the BTCUSD market today.
Today there is a continuation of lateral movement. The differential hands of Thomas DeMark are in the opposite direction, the trend indicators on the higher timeframes are in the bearish zone. Given the inertia of the market, the weakness of bullish volumes and the bearish mood on higher timeframes, I expect testing of current support levels after consolidation in the morning.

The probability of testing the level in the region of 7000 is quite high and possible even within the framework of movement in the side channel.

The bullish scenario activation level is fixing above the green key level.
The activation level of the bearish scenario is fixing below the red key level.


Estimated limits of the trading range for today:
top trading range for today - 7300 USD
lower trading range for today - 6800USD

Weekly scenario - bullish correction - the scenario can already be considered executed.
 
The upper limit is 7500
Lower limit - 6800

The global scenario is the movement in the bear channel.
The upper limit is 8600
Lower limit - 4850

Good luck to everyone and good profits!
Yours faithfully,
Michael @Hypov

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