BTC SWING SHORT to 3600 3620 area

٢٧ ديسمبر ٢٠١٨

Based on my analysis of the 4hr chart we have had over 24 hours of consolidation trading in a very tight range! I have opened up short positions at 3,750 and 3,724 for a goal over covering around 3600, if BTC happens to break the 3600 area i expect a bounce from testing support levels at 3500. With that in mind when closing my short I will be looking to long for the temporary bounce that should occur, but with the MACD looking bearish,bear flag on the 4hr and with low volume I feel a dip is coming in next 4 to 12 hours! These are my personal trading strategies and should not be taken as investment advise but as my personal opinion on how the market is looking, Good luck!!!