This is Immediate short term analysis on BTCUSD All i am seeing is more consolidation Withing this tiny triangle formed on 4H-TF . 1.In First Case We may test, hit our previous high 's near 6k, reject and come back rapidly for more consolidation within 4800-58xxk ranges which actually the ranges of the triangle if we fail to find significant volume we may fall down lower (not likely yet) . 2.Breaking down the triangle and testing support near 3200 levels after testing 4800 (this might not take more than a day if we go break and go down rapidly and have a bearish weekly close below 5100). I Personally think that the second case is more strong sorry i am not a bear but still it is the way i feel atm.
Happy Trading This is Not an Trading Advise .PLZ use Stop Loss Since its always good to Bet on losing your 3-5% of position rather than losing all of it. Good luck. Dates for supports you must scroll back to find support and crucial wicks: 06-16 DEC 2018 and 15 16 Sept 2017. {Posting at 8pm UTC-Last 4h Candle of the day}
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we broke out the triangle lets see if my chart works out.. Towards the Case:1. (First scenario up till now.. lets wait for the close.
i dont know why this chart is not moving
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Testing 4800 levels once more. Breaking down here can take us to 3200.
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may see another rejection from previous zone 5990 . Chart is still valid