sargo

sargo

As we can see clearly, the price has a strong resistance at 124 area, a double top pattern is formed perfectly, and the bulls retest the upper trend-line again, which it's a good sign to sell until 122 area to test the first support, if this support will be broken, we can go deeper to the second support, at 119 area as extension.

sargo

After the breakout of the lower trend-line at 20.000 level and retest it at 15000, we saw a strong upper trendline again, and this time the bulls are looking for the strong resistance at 27000 level, specially when the RSI is still above 50, if they fail of breaking it , we will see a big short again, and this time to the strong support ( 14000 area ).

sargo

we see clearly a shooting star that is leading the price deeper and deeper, and it still, I think it will go down until the point of last rising price and the major monthly support , axactly at 20k, then it will test the 2nd major support at 14000, which it's good point to start a long rally again .

sargo

TP: 1.8630

sargo

as we can see a double top, and as long as the price couldn't close above 14.000, I think BTC will go down to 10.000 $ area, before go deeper to test the trendline about 7.000 $ again.

sargo

16.07 seems good point to buy, as we can see the major support, 1st target will be at 16.54 ( 1st resistance and exactly on the down trendline, after the breaking, the price can go to 16.75 area ( 2nd resistance ).

sargo

I think USD MXN will retest the long down trendline again at 20.80 area , then we will have a triple bottom at the major support 20.80, before start going up till 21.50 ( 1st Resistance ) then 22.00 ( the 2nd resistance ) .

sargo

when I'm looking to this chart, I see a good flag ( short ) and a good trendline is down, and very good supprt going to be broken, I believe that before the end of this year, BTC will visit 3000 - 3800 area, before getting the support again, and start goin up to 6000 - 8000 area. we will see what will be happened.