BTC Still Bearish, Keep your eye on this BULLISH signal
BTC has been seeing resistance around the EMA20 trend line. Unable to breach it and anytime it has breached it, shortly after it has gone under. However the up and down movement seems to follow pattern which if holds could signal major up movement on 18 or 19 of January. However the other signal shows major down turn on the 13.1 evening or 14.1 morning which if triggered could take btc down below 30k.
Key takeaways:
If btc breaks 38k it signals major upturn.
If btc keeps on the movement around EMA20 as it has been doing we could see major upturn on 18. or 19. of January.
Currently most likely scenario is that BTC breaks the current pattern and goes down below 30k on the evening of 13. of January or in the morning of 14. of January.
Key takeaways:
If btc breaks 38k it signals major upturn.
If btc keeps on the movement around EMA20 as it has been doing we could see major upturn on 18. or 19. of January.
Currently most likely scenario is that BTC breaks the current pattern and goes down below 30k on the evening of 13. of January or in the morning of 14. of January.
Comment:
The 38k no longer holds truth as the level increases each day as btc continues the movement. Now it's seeing huge resistance at level 39k and that resistance level will be moving up day by day. BTC also seems to be drawing head and shoulder formation which however can be due to manipulation. You can see my thought for today regarding the BTC from my profile. Lot's of bearish signals some bullish...
Trade closed: target reached