BTC rejection on the 4H chart

2018年8月13日

Unless we break and close above that Redline, BTC looks like gonna go down to 4600 to 5000 USD by the end of this month. For now, it looks bad..especially the rejection as seen on today's 2nd 4H candle ( 8 am ). The volume is bad and most importantly the red candle that followed had double the volume.

2018年8月16日

交易开始

Still acting as resistance. However, I forgot to mention yesterday that we are on a broadening wedge which is bullish. Crossing 6600 and staying above is the ideal buy signal.
Also, do not forget that this area is crowded with shorts right now and we might see a short squeeze, taking price to 7600 -8000.
On the downside, strong support is at 4.9k

2018年9月5日

交易结束：到达止损