L0nius

L0nius

Bitcoin reaches the 8000 dollar range. We see a return towards 7500 dollars. Reasons: - Resistance Level 7200 - Oversold - Bear Flag

L0nius

We see Bitcoin rising to 7800 dollars. Reasons: - Resistance Level

L0nius

Bitcoin has shown with today's bullish candle that there are still buyers in the 7000 dollar range. We see a decline towards Fibo 61.8% as more likely. Reasons: - Bullish Candle - Fibonacci Resistance 61.8% - Support Level 7100

L0nius

Bitcoin has left the Bear Channel. We find the area around 7000 dollar very interesting. Reasons: - Bear Channel - Leave Channel - Resistance Level 7500

L0nius

We continue to see Bitcoin very weak. Lower lows are possible. Reasons: - Bear Market - Resistance Level 7500

L0nius

Bitcoin consolidates in a very narrow range, which could mean a continuation towards 7600. Reasons: - Narrow Range - Double bottom - Trend reversal from RSI - Support Level 7200

L0nius

Bitcoin could form a double bottom. We will maintain our open positions and adjust the stop-loss if necessary. Reasons: - Double bottom - Trend reversal from RSI - Support Level 7200

L0nius Updated 

**Bitcoin Price 12.26.2019** Bitcoin remains above the support zone and confirms this with a breakout. The RSI also begins to turn. Reasons: - Trend reversal from RSI - Support Level 7200