BitcoinShort
RACEACEACE BTCUSD BITCOIN XBTUSD SHORT
This is a lower t.f update. Update to my previous idea, with a better chart view. I'm still short. The price is currently nearing the 8/1 Gann Fan line from the recent pivot low. A break of this line, would send it lower to 7100-6900.
I am still short. As of right now 7400 is resistance and 7319 is a WICK ZONE.
Recap of previous idea:
"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.
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 short. As of right now 7400 is resistance and 7319 is a WICK ZONE.
Recap of previous idea:
"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.
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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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.