Hello guys, We're now going to end the year 2019 of BTC so we chart what will happen until the end of 2019. The wave 5 is now retesting, If the price won't reach above $7.250 - 7.3k BTC will reject the price, it will fall again. We assume the BTC price will go below $6.5k to $6.3k. We put the 2 trendlines to determine if this will fall or rise. We will see what happens until the end of the holiday season.
Check the graph and please let me know your own idea and opinions on what the price would it be, Are we going to bearish or bullish?
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.