Good morning and Happy New Year to all!!! We wish you all a successful and prosperous 2019. This morning we will start with the Bitcoin chart. We have updated what we are seeing as trendlines attempting to form SUPPORT in this BEARISH market. We saw a nice rally 2 weeks ago that eventually failed, however we think there could be a similar rally in the near future. We still have a longer-term target RESISTANCE for BTC at $4,400. However, if this near-term upward sloping trend line breaks for a second time, we think the lows of $3,200 could be retested.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.