Hey all
It is CryptoGavin again here with another update. Remember to like these posts and follow my page to support these analysis’ from a Certified Cryptocurrency Expert (Lic# 12213912), Certified Expert (Lic# 12214077) and as a Certified Cryptocurrency Trader (Lic# 122456338) all through Blockchain Council.
I am always open to talking in the comments as well!
No Update as of today: Bulls look tired and need another rest until we come back to $3,100
UPDATE:
We currently are in the midst of the 50MA and the 100MA Death Crossing and the 200MA slightly curling downward. This is on the 4hr Chart on the Coinbase BTC/USD pairing as shown in the main chart pic. The main indication of a Death Cross would be the 200MA curling downward.
On top of that on the 1D chart of the Coinbase BTC/USD pairing we have each Moving Average coming to touch a key point of Resistance (Bolded Red Horizontal Resistance lines Shown Below). We are still trading below all moving averages on the daily time frame along with not being able to get over 50 on the which has been a key point of resistance on the before we are due for a drop.
We also have the 1W time frame on the BTC/USD pairing on Coinbase showing how aggressive that 50MA has shot downward at the 100MA. I can see the Death Cross of these two MA on the Weekly time frame ultimately causing the fall below $3,000 and the break downward of the we are in.
With This chart below we are able to see where we sit in the that we currently have formed with yet again another lower high with that downtrend overhead resistance holding strong yet again ladies and .
How much more can it get??
Here is my BitMex Chart that I have going too: As you can see we are just stuck in this , has fallen off the already, The bulls cannot break above resistance, now it is time to just wait for the move downward to test the lows of 2018 at $3,100 and maybe even set a new low of 2019 to start off the New Year.
I am looking to get very aggressive with this trend and I have two more short positions in again hoping for a be-lated “Wickmas” present having Short positions in at $3,875, $3,940, and $4,050
If you would like to make any donations because you have made some from your trading by using my analysis, Remember all donations are appreciated 🙂
Please feel free to join our Channels and Chats:
Discord:
Youtube:
Published at Wed, 02 Jan 2019 03:25:49 +0000
