BTC 4h 1D 1N Weekly section: Bitcoin weekend №1

١٣ ديسمبر ٢٠٢٠

We decided to publish such a digest every weekend. Therefore, subscribe and like not to miss updates. And if you have any suggestions on how to improve it, then write in the comments.

Here's a previous idea to see how the forecast has worked out since last week.

This week, sellers started an attack. After a break of $19,000, the price move down.
Sellers made two attempts to collapse the price, but the forecasted $17,400 was not touched, a little bit was not enough, $150)
Although they did -$1500, which is not a bad result compared to the previous bull run.

The weekend turned out to be a surprisive for BTC buyers +$1800
If sellers want to keep the chance of the BTC price fall, then they can not allow the price to move above $19400

To form a bearish absorbing pattern, we need to close the Sunday candle for at least $ 17,400, now it seems unlikely.

Next week, 14-15 December, two news items are set to explode the cryptomarket infospace:
- documents and decisions on $850 million from murky businesses of Bitfinex and Tether;
- a decision to pay 140,000BTC, which now costs $2.5 billion from the hacked exchange Mt.Gox.

The longer the intrigue is pulled, the faster the investors' nerves will be lost.

And if your nerves give up, and even + negative news, then to flow the BTC price to $15,300 may be a matter of several hours, not days.
You can roughly estimate from the weekly chart how cool it will look.
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