Investors,
Here we are in the middle of a short term movement that could perform two movements.
The first one is the Red Arrow, that we can go until 4700 and after that bounce to the 3300-3000 USD Zone (bitfinex prices).
Why that zone? we have the MA200 there, and I expect that we hold the prices and start a new consolidation zone/reversal there.
The Blue Arrow can lead us until the 5500-5700 Zone, and after that its more likely to bounce until the same target zone of 3300-3000 USD Zone.
We are longing since 3800 USD, but you can long in that 4000-4200 zone.
Shorts should be placed in the 5500-6000 Zone, with stop above 6200.
If we close a daily candle above 6200 we are just reversing our downtrend wave.
Long: 4000-4200 Buy zone.
T1: 4600-4700
T2: 4950
T3: 5500-5700
Stop: 3850
This is not a financial advise, just a study about the prices, take your own risks and manage your capital.
Published at Thu, 29 Nov 2018 03:08:52 +0000
