Bitcoin (BTCUSD) Price Action (20-Dec) - $4500 Next?

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Bitcoin has been doing great, we have six consecutive GREEN days and the momentum remains on the side of the bulls.

Hit LIKE and let's continue...

BTCUSD is now aiming for $4500, which is a very strong resistance which is marked by EMA50.

Bitcoin has tried to break EMA50 many times before in the past without success, reaching and breaking this level to the upside can mean really positive for BTCUSD and the BULLS, it can mean that price will move straight to $5250+ if this happens.

In case we go backwards, we have $4050 as our main support, followed by EMA10 which is sitting at $3800 at the moment.

The chart is easy to read and understand. I hope you like it.

What's your take for Bitcoin this December?
You think we will close positive? Make sure to check the comments section below to share your charts and opinion.

I for one, believe that Bitcoin will close positive in December 2018. In fact, I wrote a trade idea about... See if you like it, and make sure to hit LIKE after you are done reading.

Thanks a lot for your time... Truly appreciated.

May GOD bless You... NOW & ALWAYS

Namaste.

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Pure bullishness...

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Our main support is holding at $4030.

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Bitcoin (XBT) update:

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We have a bullish rectangle, this is a continuation pattern:

"Bullish rectangle. Rectangles are continuation patterns that occur when a price pauses during a strong trend and temporarily bounces between two parallel levels before the trend continues."

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Our last pattern broke down. Here is an updated view of Bitcoin's pathway.

This retrace is normal as we hit the higher limit of the channel. We remain BULLISH, as long as we remain above EMA10:

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Training article:

Bitcoin Cash (ABC) Morning Star (Learning)

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Bitcoin (BTCUSD) Price Action (22-Dec)