BTC - 4H (BIAS- BEARISH) 21.12.16

As mention on my post last 21.12.14 Since we observed bearish depletion we might see BTC price bounce up to 52030 area. If you also check the area with arrows we can see the evidence of price failure to break below 46241 area. We can confirm this move once it created HL(Higher low). This would be also ideal long entry for short term trade, conservative TP would be lower than 52K area. As price might respect the 52030 resistance and continue its overall sentiment which is bearish (You can also short entry here).

NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.