BTCUSD sideways accumulation - possible new moon Jan 2019
if you draw a time based fib from 5.8k resistance oct 2017 turned support in 2018, accumulation should last a few more months with sideways range - new moon eta January 2019
though bb contraction and tax sell-off could push a significant move earlier. but if we break down, the weekly 200 MA @3k will be strong support. Rarely in the historical data has btc dropped below the weekly bb low - currently at 5.7k; though everyone's stop at at this range... so cascading down to 3k with a bounce back to resistance at 6k is possible. I have a resting order at this 3k level, just in case.
Remember, trade and/or invest at your own risk. This information is presented for educational purposes only.
though bb contraction and tax sell-off could push a significant move earlier. but if we break down, the weekly 200 MA @3k will be strong support. Rarely in the historical data has btc dropped below the weekly bb low - currently at 5.7k; though everyone's stop at at this range... so cascading down to 3k with a bounce back to resistance at 6k is possible. I have a resting order at this 3k level, just in case.
Remember, trade and/or invest at your own risk. This information is presented for educational purposes only.