BTC: Possible course of action with timeframes

2018年12月24日

Bonjour!

This is what I believe the next course of action of bitcoin will be. I believe it is setting up perfectly from a fundamental and a technical point of view.

Fundamentally, everything is written on the chart using real timeframe.

Technically:
I drew the major resistance keys (areas where a short is good on a first test).
Refer to Nasdaq Composite, BTC 2014 bubble to understand why a double bottom is in play, as it is a classical bubble move.


Cordialement,

2018年12月25日

註釋

This is more of a short term update for Bitmex players.

I'm opening a short and closing around 3550-3600.

I don't think we will retest 3000 just yet, if you look at the daily, a red candle is expected among 8 days of green candles

2018年12月27日

註釋

Hit.

I expect that we might see a movement upwards tomorrow now.