BITCOIN - the 3 potentials

6 ต.ค. 2019

BTC has been dropping quite a bit since it's recent push upside over the past couple months. I outline 3 different short to mid-term strategies here. Using Fibs and the obvious descending wedge (most prevalent on the 4hr, daily & weekly) you can see an intersection @ about 9000, I expect this to be a make or break for BTC in the short term. If the resistance is tested and rejected, I expect BTC to hug that support line until the 9th of December (give or take a couple days) and then see a high amount of volatility either upside or downside. I don't see BTC breaking 6K without heavy external influence/catalysts (negative news around BAKT/Government). The coming months will be interesting.