Chart shows a downtrend and although BTC is fighting to keep the price up, the momentum and pressure is inevitably driving the price further down. Spotted a possible Gartley Pattern in 4 hour chart and I believe it will drop to $9,000.
Events:
CME's first Bitcoin contracts will expire 26 January 2018.
This is not an investment advice, always do your own research.
Events:
CME's first Bitcoin contracts will expire 26 January 2018.
This is not an investment advice, always do your own research.
Trade closed manually
BTC did not go below $10k but is rather moving sideways following CME contract expiry. Consolidation seems to be the case.
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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.