#BITCOIN - Fresh Thoughts

6 Des 2019

According to the price behaviour near the $7400 level (it moves below the one and can't break it), we can conclude that soon there will be a small decline to the $7200 zone, from where it can jump upwards. Let me remind you that we are in globally bullish trend, so we can consider this jump from $7200 to $7780 as the end of correction. Why $7780? Because the recent GAP was filled by only shadow, while we need the candle to fill a GAP by its body.

After the jump we need to closely watch this level, where the price will take hold: above one or below. Fixation above the mentioned level would mean the continuation of upward movements, fixation below - another downward correction, as minimum.