Here is the most awaited reversal and happened!
Remember this situation!
So looks like a market turnaround. But this does not mean that it will be an endless growth in the moment!
Total books: $65,315,916.76 (+26.76%)
Global Bids: $32,328,541.78 (+46.4%)
Global Asks: $32,987,374.98 (+7.52%)
The stage of getting rid of hamsters is already over.
The beginning of...
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BTCUSD FOREX BREAKDOWN 11 DEZEMBER 2018
Bearish break below yesterdays low indicating sellers strength
Bullish pullback and sellers takeout, getting more buyers into the market before heading further down
Overall bearish trend and movement, following this one!
(Follow the Trend and move sl every...
Price remain in gray rectangle, just crossing down our 6717.0 support. On the way to 6626.0 support? Based on three brown swing green firs primary swing was created, then we should expect second swing.
Price is already lower then last peak. then let’s wait and see what will happen next. Momentum remains on the strong side – way above 6626 and 6380 support...
After nice price explosion, we should prepare for continuation price move. Right now price is trap within two blue TL’s, and pay attention to the gray rectangle.
When price will start moving we will get signal to go long but wait until candle close above gray rectangle. Momentum remain relatively strong, price is preparing to move higher.
Finally, we experience some price movements. The problem area for the price is mark with triangle between 6473.0 and 6586.0 levels. Those are 50% of the last two swings as per W. D. Gann they extremely important.
If price will break through blue TL, then should be smooth sailing or rather smooth flight.
Price is slowly rising as per our analysis. Momentum don’t have enough strength to move price faster and higher. As soon as price will pass level of 6764.00 we will be on clear path to higher high.
Chart H1 with more details:
Bitcoin according our prediction, hit our first intermediate target in zone (6634.0 and 6764.0). Momentum is almost in reversal phase.
Reversal should not exceed 50% of the last swing (6489.3) because last 50% of the last swing was build based on very strong momentum.
After correction we should expected price to move higher to the next target...