BTCUSD Moving like clockwork!

5 thg 8, 2019

As expected the slight bump on the road that saw us descend from 10800 to 10600 for almost a full day was as predicted a scare tactic to squeeze a couple longs out of their positions, please see my last post on this idea "Guess that was the top...for now"!

That aside we have managed to break 10800 not only that we kept moving past 11200 in one swift move like it wasn't even there, yet again just as predicted we find ourselves now dealing with the high confluence of the 11300 to 11500 range.

Whats next for the bulls:

• Need to break past 11600, 11900 and test if 12000 is possible.
  
• I believe 12000 will be range of either extreme greed, you will hear news of bitcoin like waterfalls and loads of FOMO will follow.
  
• We may see yet new highs or we may plunge just as swiftly as we have climbed, do not take everything the media says seriously half the reporters dont even know what blockchain is or have read any whitepaper in their entire lives.
  

Onto the Bears:

• Current Support at 11500, 11200-11000, failure to hold 11000 will see us once again flirting with 10800-11400.
  
• We may slowly descend along the sloping resistance or climb towards 12000 and test that before a correction to the downside in that case we may need to breach 11500 in order to keep falling, other than that the bulls will keep climbing.
  

A word from the greats: Turbulence is looming, trade with caution, this is not financial advice, i am but just a kid with crayons!

As always Trade Safely, Happy Trading! Will be plotting new trend lines soon, thank you for all that have been following my silly predictions LOL.