Bitcoin update (30/December/2k18)

BTC UPDATE

Well the Inverse Head and Shoulder (IHS) is still in play. VOLUME profile looks great overall for the IHS pattern but it would be nice to see some volume picking up now on the right should in order to give the trend more chances to reach higher targets, especially to have enough strenght to break the Neck Line.

In the Lower Timeframe (LTF) trend is correcting forming a Bull Flag Pattern that bounced on 61.80% Fibonacci Retracement (in this case Volume dropping while Price dropping is a Bullish indicator, that's what happen in corrective pattern setups).

I will evaluate price action on LTFs to see if price can break the Bull Flag and start a reversal. Breaking Neckline would be super bullish here.

Come on VOLUME... let's go!!

Disclaimer

As always these are my personal opinions and suggestions. You can and you SHOULD do whatever you wish with them. I am not here to tell you what to do but just to show my IDEAs and share some knowledge about Technical Analysis. I am not here to tell you when to BUY, when to SELL, how much to BUY, how much to SELL. All I am doing here is trying to find possible TREND REVERSAL LEVELS which you can use as HELP to find your possible best ENTRIES and later on TARGETS.

I won't take any responsability for any of my analysis, I am NOT A PROFESSIONAL and this is NOT FINANCIAL ADVICE but ONLY my personal view of the market.

Please..

For further any queries
Ask @luckys