bdossantos

My BTC Price Prediction for May 2018

Long
bdossantos Updated   
COINBASE:BTCUSD   Bitcoin
I see a bearish divergence in the oscillator but I say we hit ~10400 sometime this month.
Comment:
BTC fell into the "accumulation" zone. Let's see if this area holds.
Comment:
Looks like a diamond bottom here. Expecting a solid leg up into the green zone seems like a good risk to reward ratio.
Comment:
Diamond bottom failed
Comment:
The path to least resistance seems to be towards the down side right now. Anticipating a move towards the ~7500 range this month.
Comment:
If the daily 200EMA continues to be resistance, I wouldn't be surprised with a downside into the green box (~7500).
Trade closed manually

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