BTC rejection on the 4H chart

١٣ أغسطس ٢٠١٨

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.

١٦ أغسطس ٢٠١٨

تم فتح الصفقة

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

٥ سبتمبر ٢٠١٨

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