Short

Bitcoin can have more Blood 3200 or Consolidation ?

Updated

This is Immediate short term analysis on
All i am seeing is more consolidation Withing this tiny triangle formed on 4H-TF .
1.In First Case We may test, hit our previous high 's near 6k, reject and come back rapidly for more consolidation within 4800-58xxk ranges which actually the ranges of the triangle if we fail to find significant volume we may fall down lower (not likely yet) .
2.Breaking down the triangle and testing support near 3200 levels after testing 4800 (this might not take more than a day if we go break and go down rapidly and have a bearish weekly close below 5100).
I Personally think that the second case is more strong sorry i am not a bear but still it is the way i feel atm.

Happy Trading This is Not an Trading Advise .PLZ use Stop Loss Since its always good to Bet on losing your 3-5% of position rather than losing all of it. Good luck.
Dates for supports you must scroll back to find support and crucial wicks: 06-16 DEC 2018 and 15 16 Sept 2017.
{Posting at 8pm UTC-Last 4h Candle of the day}

Note

we broke out the triangle lets see if my chart works out.. Towards the Case:1. (First scenario up till now.. lets wait for the close.

i dont know why this chart is not moving

Note

Testing 4800 levels once more.
Breaking down here can take us to 3200.

Note

may see another rejection from previous zone 5990 . Chart is still valid

Note

will upload an update

Trade closed: target reached

CognitoBTC

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