TradeSicario

TradeSicario

What we see here is a lot's of demand between 5800 - 6000. If this doesnt hold we will see uptrend line support prices. BUt personally I think that we need Higher highs and lows or bullish divergence. From the fundamental point of view I am very bullish about BTC even if we drop more.

TradeSicario

Why I think Bitcoin will go up. 1. At the moment we have similar situation like in JAN 2015 - We drop hard and everyone is scare to go lower (most of the people sell low because of fear of loose everything) 2. The time frame after this ATL of 2015 fits the potential breakout in 2019 (273 days) and looks like there are red line resistance around the end of this...

TradeSicario

If BTC beat this red resistance there is highway to the 4350 level . I play long from this point with stop loss at 3850

TradeSicario

At this point we can go higher after great volume spike up. Green levels represents resistances and red circles are decision points. Now I wait for correction.

TradeSicario Updated 

After break this red resistance it is posible to go higher and make IHS pattern counted

TradeSicario

The 4800 level looks solid and BTC slowly going to this price. What we have here is solid major support and down line of the decreasing triangle. At 4800 level I expect booring trend which can bring end of this bear cycle

TradeSicario

Now BTC can go to 12800 and if it bounce from this resistance he will continue ride down until about 9000$ and then whales come to the market to "cut all sheeps ". Look at the Tether 24h volume ! IS HUGE ! is about 3 000 000 000$ just little bit less than ETH. So brace yourselves and be ready for the ride

TradeSicario Updated 

If BTC bounce from channel support it will go up