BitcoinShort
RACEACEACE BTCUSD Bitcoin XBTUSD Update
This is a lower t.f / higher t.f update.
I am still in the same short. The resistance (7445) did hold and reject the price. Here’s what’s next:
Below 7300 = 7268
Below 7368 = 7200
Below 7200 = 7125
Below 7125 = 7084
Below 7084 = 6900
Below 6900 = 6861
Below 6861 = 6820
Below 6820 = 6664
That should be enough for now.
And as I said earlier:
Resistance: 7445
Ideally, for me, I’d like the price to move to the right and fall off the fan, make a new lower pivot low before attempting a run up, but the price does what it wants.
I also believe that the 4 hour period near the next daily close is important.
I believe that between now and January 15, 2020, Bitcoin will complete it’s bottoming process. I also believe that after February 2, 2020 it will be full speed ahead (upwards).
Let’s take this one step at a time.
I am still in the same short. The resistance (7445) did hold and reject the price. Here’s what’s next:
Below 7300 = 7268
Below 7368 = 7200
Below 7200 = 7125
Below 7125 = 7084
Below 7084 = 6900
Below 6900 = 6861
Below 6861 = 6820
Below 6820 = 6664
That should be enough for now.
And as I said earlier:
Resistance: 7445
Ideally, for me, I’d like the price to move to the right and fall off the fan, make a new lower pivot low before attempting a run up, but the price does what it wants.
I also believe that the 4 hour period near the next daily close is important.
I believe that between now and January 15, 2020, Bitcoin will complete it’s bottoming process. I also believe that after February 2, 2020 it will be full speed ahead (upwards).
Let’s take this one step at a time.
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Related publications
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.