TradingGarden

TradingGarden

In a short term analysis (1 hour chart), we can imagine an important support area with two important factors: 1) Possible H&S 2) FIB 23.60% as support If breaks below that area, we may have the conditions for a real downtrend.

TradingGarden

As I said in the previous analysis ( ) the triangle formation was a test for bullish or bearish trend. Now the triangle has been broken. I think there will be a huge dip.

TradingGarden

As previously posted, the lateral phase seems to continue. We have to wait UTC+1 9.00 am (or maybe before) for the oracle. Related: don't forget Segwit2x.

TradingGarden

BTC failed on Fibonacci 23.60%. At present the most evident formation is a symmetrical triagle and MA200 and MA50 are in bearish trend. Important factor will be Segwit2x scheduled for tomorrow. We'll wait.

TradingGarden

At this moment there's a lateral phase with bearish tringle formation. If the triangle continues, for the end of the year we'll reach 8k or so 8700-8500 (lower green area).

TradingGarden

In addition to head and shoulder pattern, we also have a bearish cross between 200MA and 50MA (orange one is 20MA). Possible reversal areas are three Fib levels. Happy Christmas!