Alert: Bitcoin it's consolidating!!!
At the moment, I will going to closed up my short position, we see clearly that Bitcoin it's trying to make support above the $56,000 USD. Now, there's not secure to trade in this situation when a par it's making movement lateral, but look below.
Bitcoin drop today and that it's ok as I predicted, but I see also that Bitcoin could to make support above the level of $56,000 USD. but right now, it's consolidating.
My others perspective it's that Bitcoin could to right now in the Elliot Wave #2 formation, now, I will not going to entry in long position until I see that Bitcoin break out the $61,500 USD, we can to entry to long. And very important, we can't to entry in short becuase in that scenario could be a manipulation of the price, that maybe we are in this to be liquidate, for that, I decide to closed up my short positon,becuase in H12 timeframe, I see that.
Now, in other hand that I show you in this timerame, if Bitcoin continue down toward the $54,500 USD, in this point we can to see possible boughts to put in long, and well, this scenario could to change all our analysis in Bitcoin and we could to form a bullish channel.
Right now, I will going to check my others cryptocurrency to know if my actually trade in Tezos and EOS show the same or the contrary what Bitcoin do.
At the moment to say, I decide to closed up my Ethereum and Litecoin long position and will be enfocous more in EOS and Tezos becuase this cryptocurrency show a good ROI o earns in comparation what they would give me.
So, In summary, I hope one of this scenario, but right now, I do not going to trade Bitcoin, just that Bitcoin it's still consolidating. As I create my yesterday analysis, we see a bearish rising wedge that Bitcoin could to down to $55,100 USD approximately. But, I will going to hope a next trade in Bitcoin becuase I don't like how Bitcoin move.
Bitcoin drop today and that it's ok as I predicted, but I see also that Bitcoin could to make support above the level of $56,000 USD. but right now, it's consolidating.
My others perspective it's that Bitcoin could to right now in the Elliot Wave #2 formation, now, I will not going to entry in long position until I see that Bitcoin break out the $61,500 USD, we can to entry to long. And very important, we can't to entry in short becuase in that scenario could be a manipulation of the price, that maybe we are in this to be liquidate, for that, I decide to closed up my short positon,becuase in H12 timeframe, I see that.
Now, in other hand that I show you in this timerame, if Bitcoin continue down toward the $54,500 USD, in this point we can to see possible boughts to put in long, and well, this scenario could to change all our analysis in Bitcoin and we could to form a bullish channel.
Right now, I will going to check my others cryptocurrency to know if my actually trade in Tezos and EOS show the same or the contrary what Bitcoin do.
At the moment to say, I decide to closed up my Ethereum and Litecoin long position and will be enfocous more in EOS and Tezos becuase this cryptocurrency show a good ROI o earns in comparation what they would give me.
So, In summary, I hope one of this scenario, but right now, I do not going to trade Bitcoin, just that Bitcoin it's still consolidating. As I create my yesterday analysis, we see a bearish rising wedge that Bitcoin could to down to $55,100 USD approximately. But, I will going to hope a next trade in Bitcoin becuase I don't like how Bitcoin move.
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