Q4 Bitcoin analysis, weekly chart forcast from line break chart
Updated
Simple and to the point.
1.Currently we are sitting within the $8000 range
2. 20 day moving average of $8120 is acting as strong resistance
3. Bearish sentiment has set in on the MACD and RSI
4. As of right now Next level of support is looking to be $7850
5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700
6. Possibly within the next 3 to 6 weeks another selloff will occur.
7. Based on current trend, I'm looking for a buy in around February or March of 2020
1.Currently we are sitting within the $8000 range
2. 20 day moving average of $8120 is acting as strong resistance
3. Bearish sentiment has set in on the MACD and RSI
4. As of right now Next level of support is looking to be $7850
5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700
6. Possibly within the next 3 to 6 weeks another selloff will occur.
7. Based on current trend, I'm looking for a buy in around February or March of 2020
Note
Currently sitting above the 20 day moving average resistance of $8120 on the weekly line break chart, however my outlook is still bearish. I don't believe $8000 will hold I'm bearish for further decline in the weeks to come.
Note
Get ready for a test to $7500
Note
Called that oneNote
Sitting at $7500 levelsNote
Get ready for $7000Note
Drop to $7000 should occur roughly within the weekNote
expect sideways trading between 8K and 9.5K until halving 2020
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