Short

BTC Cold War - Uptrend within the hours

Updated

Disclaimer:
I’m not a professional, this idea is thrown for analysis, if you are noob; there are professional authors out there - check the home page.
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SP: Support Line
RS: Resistance Line

Blue Color: forecast color

Time mentioned with be according to UTC
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Currently, Support 0 and Resistance 0 are not in entire direct conflict, rather they are sending waves/lines that interfere with each other ( Cold War )

Support 0.1 made direct interference with Resistance 0.1 and Support 0.1 was able to hold ( 2017-11-30 / 01:30 am)
Support 0.1 made a direct interference with Resistance 0.2 and Resistance 0.2 was able to hold ( 2017-11-30 / 05:00 am)
Directly after the interference Resistance 0.2.1 started showing presence

Expectations:

Support 0.1 should hold against Resistance 0.2.1 and Resistance 0.2.1 should fadeaway
After Resistance 0.2.1 breaks, we should start seeing Support 0.2 showing
Support 0.2 will interfere with Resistance 0.2
Eventually Resistance 0.2 will break, either by Support 0.2 or by Support 0
Then the uptrend should start

Resistance 0.3 is an expectation, I don’t have solid indicators but the pattern can be felt when looking at Resistances 0.1 / 0.2 / 0

Conclusion:
Within the next day if Resistance 0.3 shows up and holds, we can expect the price will go up to 10,400 - 10,700 ( the earlier the higher )
If Resistance 0.3 does not show, or does not hold, we can expect the price will go up to a slightly higher than the last all time record.

Notes
Resistance 0 is a strong-long resistance line that originates back to June 2016, if it breaks then - as the community refers to it - BTC is going to the moon and it is the next major milestone for BTC

Support 0 is highly unlikely to break support, but if it breaks it will be a major drop, now or later so keep an eye on this line in the future.

Note

Resistance 0.2.1 is breaking now

Note

Resistance 0.2 is breaking now

Note

First Target met, we will see soon if it surpasses Resistance 0.2.3

Note

Resistance 0.2.3 surpassed, we are about to witness a new all time record ( slightly higher than the one before )

Note

Price is progressing as foretold, we should see the price breaking $11,000 within the few hours and heading up to the new record.

Note:
we should see resistance similar to Resistance 0.1 branching from Resistance 0.

There is always a chance that this line could break the current Support line 0.2, therefore i highly advice to start considering the sell and not wait for the record, because if the support breaks it will be a strong drop and you might miss the sell time.

Trade closed: target reached

Missed new record the price should move in decline towards the ~ $9,500 line, chances for a new trend to show exist, but also chances for breaking $9,500 and dropping low also exist.

Try to avoid purchases around this price until we see how will the trend react at that line.

Target Accuracy: was supposed to reach 11,300 it reached 11,195 i will leave the math for you this time.

Please make sure to like the chart and follow me if you want to see more of my charts, doing so will motivate me to put more time and effort into it, as i'm currently doing this only as a hobby.

Congrats for the profit.

yhal

Disclaimer

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