BTC - 08 December 2019 - What are the Bulls up to?
Updated
Bitcoin seems to be having a weird bear season while most of the people were certain for the moon to arrive.
I am seeing tons of similarities with this period to 2018 bear season and 2015 bear season.
I do not see an ATH likely in 2020 - however when it comes to crypto and stocks everything is likely...
Considering a bull trap, it is likely to see 8300 which is our 50 MA daily and even 9k which is our 200 MA daily levels.
If the trap is convincing enough BTC can move up until 11k before the next crash. But still I will go with the 8300-9k scenario.
7100 USD is the invalidation of this analysis - not with a wick with a nice candle body.
Not a trading advice always do your own research and have a great day everyone!
I am seeing tons of similarities with this period to 2018 bear season and 2015 bear season.
I do not see an ATH likely in 2020 - however when it comes to crypto and stocks everything is likely...
Considering a bull trap, it is likely to see 8300 which is our 50 MA daily and even 9k which is our 200 MA daily levels.
If the trap is convincing enough BTC can move up until 11k before the next crash. But still I will go with the 8300-9k scenario.
7100 USD is the invalidation of this analysis - not with a wick with a nice candle body.
Not a trading advice always do your own research and have a great day everyone!
Note
Note
2015 Note
Trade active
channel is broken but the trade is still active. 7100 level is still holdingTrade closed: stop reached
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