PrateekKumar

BITCOIN PRICE PROJECTION

Short
PrateekKumar Updated   
BITSTAMP:BTCUSD   Bitcoin
I strongly see the wall as stiff resistance as prices continue to struggle to climb over it'
A fall back to 35000 can be a possibility
Comment:
46766 a crucial support level may be punctured in couple of hours from now.
Comment:
At 49907 CMP : We are witnessing a chance for fresh short or add to previously held short positions
Comment:
Prices creating reversal wedge pattern in between 48000-51000
The bull resurgence may soon run out of fuel
Comment:
The range of 46000-51000 will eventually prove to be a lot lethal for bulls then they ought for
Comment:
Here, comes the reversal from 50000. As price fall off the "diamond pattern"
Comment:
Prices and Volume are at divergence over daily charts ,strengthening the case of bearish reversal
Comment:
Prices forming trend continuation patterns over hourly charts.
Comment:
47000 has established itself as an immediate resistance

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