BTC caught in the "December MATRIX"?!?
Updated
Hello guys, from the holidays here a BTC chart ...
"December Matrix" (see vertical lines every December):
*** ATH = December 2017,
*** last low = December 2018
*** next high = December 2019
Currently wave 5 is running (from the blue a), which should be ended either at the beginning or at the end of July.
The first next resistance zone is between 11553 & 11832.
If, contrary to expectation, this resistance zone is breached and outbid without correction, then there would be a direct increase to the second resistance zone between 13520 & 14176 with TP @ 13763.
Monthly support for short @ 7633:
a / Tenkan
b / SMA 20
If there is no closing price below 7633 in the third quarter (monthly), the last quarter could be bullish again.
*** It should be noted that in the monthly chart the future cloud is still red, and that suggests that there could be a strong correction before this cloud changes to green.
"December Matrix" (see vertical lines every December):
*** ATH = December 2017,
*** last low = December 2018
*** next high = December 2019
Currently wave 5 is running (from the blue a), which should be ended either at the beginning or at the end of July.
The first next resistance zone is between 11553 & 11832.
If, contrary to expectation, this resistance zone is breached and outbid without correction, then there would be a direct increase to the second resistance zone between 13520 & 14176 with TP @ 13763.
Monthly support for short @ 7633:
a / Tenkan
b / SMA 20
If there is no closing price below 7633 in the third quarter (monthly), the last quarter could be bullish again.
*** It should be noted that in the monthly chart the future cloud is still red, and that suggests that there could be a strong correction before this cloud changes to green.
Note
BIG PICMonthly = red cloud!
Note
11477 soon!Note
13763 reached - i m short nowNote
the short entry was perfect ... 800 P already cashed ... the rest is runningNote
all red lines = TP levelsNote
TP 1 & 2 done... Next partial profit taken +2720 P - the rest remains.Note
Also 9929.8 reached!At TP3 I^'ll close my short and reenter just under the red cloud on H4 - to aim TP4.
Note
So far 3 specified TP have been achieved. I also expect TP4 by the end of this week.Under 10199 remains short.
Note
But my statement above (from June 23) still applies: "Monthly support for short @ 7633".
Note
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