80/20 Down vs Up IMO

Dec 30, 2018

XBTUSD

I am 80% bearish that we are going down to 3350 - 3400 on break of the 2-3 day long sim triangle that has been forming and will break in the next 1-4hrs. Support to be found along the bottom line of the 11-12 day descending wedge. A bounce off 3350 will shoot the price up by the measure move of 13% and in doing so will break the top line of the descending wedge. Rejection at eh previous 382 Fib. All while staying in the long formed descending wedge dating back to February 2018.

20% change break bullish of sim triangle to complete the inverse head and shoulders. Resistance at 4190 - 4250 with back check of 3970 before completing the 32% measure move of the inverse head and shoulders taking the price to 5200ish where it will be rejected along the top of the long formed descending wedge dating back to February 2018.

Likes and comments are appreciated.

Keep Calm & Trade On!