BTCUSD shows bit sell exhaustion on support

٨ يناير ٢٠١٩

BTCUSD broke the previous resistance and it is showing us right now that it came back to support which is around 4050$ per BTC.
BTC struggled to break big bearish flag (trendline) and it showed us that bears are beaten by bulls for now.

We can see that support on 4050$ is also confluenced by 50% fib retracement (price reversal zone) and ABCD pattern which is leading
us to -0.61 of fib to 4400$ per BTC.

I will update this idea as soon as it starts moving, Good luck and don't forget to proper risk and money management.

٨ يناير ٢٠١٩

ملاحظة

BTC broke trendline on H2 and heading higher.

٨ يناير ٢٠١٩

ملاحظة

We on the good way to 4200$ and then 4400$.

٨ يناير ٢٠١٩

ملاحظة

First target hit: 4200$. Expecting slight pullback and then continuation to 4400$

٩ يناير ٢٠١٩

ملاحظة

BTC kill zone. If it breaks down, we out.

٩ يناير ٢٠١٩

ملاحظة

Support is holding. H4 is closing above.
= Still bullish bias

١٠ يناير ٢٠١٩

أغلقت الصفقة: تم الوصول لوقف الخسارة

Went brutally down below resistance. We out