Bitcoin - Consolidation Mode

Updated

Hello traders,

Here is a slight about on Bitcoin price action. Where if the price breaks the "ICE" we are heading to:

First target: $7450
Second Target: $7000

Best of luck :)

Note

It is interesting when you see how headlines are written during the distribution phase (yet to be confirmed with one final signal). Makes me vailed my analysis even more, here are a few:

1. Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye
2. Fidelity Is Really In Love With Bitcoin: Texas Office Filled With Crypto ASICs
3. Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis
4. CME Futures Gaps Hint Bitcoin Price is Headed to $18,000 Or Higher

As they say, sell on good news and buy when everyone is scared. Let's see how this plays out...

Note

Note

The above chart on a 15-min timeframe

Note

Bitcoin did not break the ice - therefore the current targets are canceled. I'll update the chart once I see a clear path of Bitcoin's price. Best of luck :)

Order cancelled

Note

abdullatrader

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