On December 8th I once posted a note describing the position as a bottom divergence of a three-day chart, and on December 4th, I also suggested that here was a 5-wave drop, the last fall of the short term. last week here is the first to form a daily chart bottom divergence, and there is more than 20% of the rebound space.
Current situation: 3-day chart, on ma144 above the formation of a long trend. As I said before, there was a 3-day chart in July 2018, the bottom of the rebound, the rebound space of more than 50%.
So this time, if there is a bottom divergence, we have reason to believe that this is a good short-term opportunity.
But here also see, because there has been a 20% rebound, if buy, to be low entry.
At present, the main resistance above is two, one is 8100 ±100 u.S. dollars, here is the transaction density area, but also Fibonacci 0.236, ma18 is also nearby, so many important indicators formed by the pressure, need to pay attention.
If you can break through, the next target may be 9100 ± 100 dollars, can be here, should be very happy.
Summary: Although the previous 4 hours of the bottom divergence failure, but the main distribution of Christmas gifts determination, so can insist on friends, should be very much.
3-day chart to form a bottom divergence until the 24th close, if the long strength is not large enough, there may be delayed to the 27th, so need to be very careful. If you've held Bitcoin by the standard before, now just hold it patiently, the standard of selling is below ma6. If you don't hold Bitcoin yet, you'll need to wait for the bottom of the 3-day chart to break out and find a buy ingret.
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