Downloading...
Download

Cryptobasic

BTC - 4H (BIAS- BEARISH) 21.12.20BTC failed to create HL(higher low) as I mentioned on my previous post. Instead created a key support at 46k area. However at current price action BTC is creating descending triangle which is considered as bearish pattern but break above the pattern is also possible. To confirm the move a breakout is a must. NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
Short
by CryptoBasic_
ETH - 4H(BIAS: SIDEWAYS)21.12.16As advised from my previous post, confirmation is necessary to confirm the bearish trend of ETH specifically if it will respect the 3853 area(support turned resistance). Patience is the key! We can see on the current price action that we had a bear trap and evidence of price failure to break below 3669 area(with arrows). This opens up a possibility of price bounce up to 4784 area to confirm this move we must wait price to create HL(higher Low. This would be also the ideal long entry for short term trade. My overall sentiment is still sideways unless we see a clear break out on major key levels. NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
by CryptoBasic_
BTC - 4H (BIAS- BEARISH) 21.12.16As mention on my post last 21.12.14 Since we observed bearish depletion we might see BTC price bounce up to 52030 area. If you also check the area with arrows we can see the evidence of price failure to break below 46241 area. We can confirm this move once it created HL(Higher low). This would be also ideal long entry for short term trade, conservative TP would be lower than 52K area. As price might respect the 52030 resistance and continue its overall sentiment which is bearish (You can also short entry here). NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
Short
by CryptoBasic_