BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I am one of the Top Authors in Korea.

Happy New Year to you all and I hope you to make profits in 2020.

The 9th yearly candle for the year of 2019 was closed and it still shows upward trend. This year would be very important.
The year-end BTC price was not closed higher than $8,600 which was a key level.
It is always important to see bigger picture.
In 2017, Amazing Rise ($19,500)
In 2018, Correction ($3,100)
In 2019, BTC price stayed above $3,100 (Correction in 2018) and touched $13,800 (Fibonacci 61.8% of $19,500 high in 2018)
Thus, it is very important whether the price breaks $13,800 (2019 High) and closes above $19,500 (2017 High).

There are many people whose position is short. But, SHORT itself is a hedging position only. 
At the end, it is the key when to enter LONG position.
This is how to read trend and the upward/downward trend is very important in Technical Anlaysis.
Not only people who did not read the trend change at $3,100 but also those who entered Short position at $6,000, could not survive. On the other hand, those who did not read the trend change above $12,000 and entered Long position did not survive either.
In short-term frames, it is possible to see trading opportunity only. We can not read trends.
The important trends must be analyzed by Long-Term frames and Support/Resistance .
Monthly chart still shows correction.  After 5-month Bull market, 6-month Correction is followed.
Strong Resistance Level is $7,800~8,000. Even if this level is broken, prices higher than $9,000 are all Resistance.
Click below links to see my ideas related and Play it to see the current position of BTC .
코멘트: Possible Scenario in Daily Chart

방문해 주신 분들의 행복을 소망합니다.
많은 분들의 참여 부탁드립니다 :)

● 텔레그램 KOREA 채널 :

● 개인상담 : 텔레그램 @propro10


Are you saying it ist going down on short term?
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃