BTC To test 5k

Dec 1, 2018

Bullish patterns start to emerge:

- Deformed IHS (weak pattern)
- Ascending triangle
- Hidden bullish divergence (long timeframe)
- MACD Momentum turning
- Ascending channel
- Double bottom / Adam & Eve formation

This will be the large relif rally people have been waiting for.

I bough dip from my last chart at 3.9k.
I plan to sell:
50% of my position at TP1.
25% TP2
10% TP3

Remaining 15% will be held until i see weakness,
Stop loss will be at TP3 - If we push beyond that.

Dec 1, 2018

Trade active

The amount of people selling and shorting at 5k range will be the trigger for a test to 3k.
That's my view right now.

Good luck

Dec 1, 2018

Note

A visualization

Dec 1, 2018

Trade active

Dec 2, 2018

Note

Looks like another test on the rising support is under way.

Dec 2, 2018

Note

Could be a supply test before a large rise. In this case we can expect the ascending support to get broken. Most likely we will retrace the whole leg that took us above 4k again. My SL should be safe though. For me its a break even stoppage if it gets triggered.

Dec 2, 2018

Note

Dec 3, 2018

Trade closed: stop reached

Dec 3, 2018

Note

Got closed out on my adjusted stop loss so i have some profit .
Looks like BTC is heading deeper south!

Dec 3, 2018

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