Bitcoin
Panjang

RACEACEACE BTCUSD BITCOIN XBTUSD THIRSTY BULLS

157
I called the timing of the correction perfectly. 7700 is now acting as support. As it moves up the fan from the pivot high, it will gain more bullishness. A spike above the red 2/1 will give it a lot of bullish momentum.
Resistance: 7900, 8000, 8222, 8300, 8450

CAUTION: WATCH FOR A REJECTION NEAR THE 8/1 GANN FAN LINE DRAWN FROM THE PIVOT HIGH, WHICH IS NEAR 8000. THE PRICE IS NOTORIOUS FOR SLIGHTLY GETTING ABOVE IT BEFORE COMING DOWN AND DUMPING. IF THE PRICE NEARS 8000, ENSURE THAT STOPS ARE IN DEEP PROFIT.

I believe the price is likely to remain bullish until at least 04:00 tomorrow (January 8, 2020) UTC.
Today, around 22:00 it is likely to gain a lot of bullish momentum.
THE BULLS WILL BE VERY DANGEROUS ON WEDNESDAY!!!!!!!!!!!!!!!
Short trades should not be taken until late Thursday.

Penafian

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