BTC NEW YEAR ANALYSIS Back to the game!
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Hey guys!
Today i share with you my first 2019 analysis about BTCUSD pair. This is a middle term (2-8 weeks) trading with clear targets as you can see on the chart.
From hourly adx we are still in a shake out phase. On BITFINEX we need to break 4080 resistance to validate the elliot wave pattern. Breaking 4350 to 4400 neckline with good volume could validate the headshould pattern, then it will be very bullish and have a high possibility to touch the trend line above.
But please keep in mind that we are still in a bear market, it is very hard to break the upper trend line here, RSI and MACD will have huge bearish divergence at that moment, which i mean 5200 level.
Not a financial advice, but here is a trading signal for you guys:
BUY at 3900-3920
Target 4080
4350
4800
5200
Today i share with you my first 2019 analysis about BTCUSD pair. This is a middle term (2-8 weeks) trading with clear targets as you can see on the chart.
From hourly adx we are still in a shake out phase. On BITFINEX we need to break 4080 resistance to validate the elliot wave pattern. Breaking 4350 to 4400 neckline with good volume could validate the headshould pattern, then it will be very bullish and have a high possibility to touch the trend line above.
But please keep in mind that we are still in a bear market, it is very hard to break the upper trend line here, RSI and MACD will have huge bearish divergence at that moment, which i mean 5200 level.
Not a financial advice, but here is a trading signal for you guys:
BUY at 3900-3920
Target 4080
4350
4800
5200
Nota
DON't Forget to leave a like to support my work!Nota
Forgot to give you guys the SL: 3750p/l ratio is higher than 1:1 for TP 2
suggest to close some positions at TP1
Nota
Looking good guys, keep holding your positionNota
Stil hanging above the trend line, waiting for monday bull!
Nota
NICE PROFIT GUYS!!!Feel free to tp a bit and place your SL above your entry!
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