RACEACEACE BTCUSD BITCOIN XBTUSD SHORT

This is a lower t.f update. Update to my previous idea, with a better chart view. I'm still short. The price is currently nearing the 8/1 Gann Fan line from the recent pivot low. A break of this line, would send it lower to 7100-6900.

I am still short. As of right now 7400 is resistance and 7319 is a WICK ZONE.

Recap of previous idea:

"This is a lower t.f / higher t.f update.

I am still in the same short. The resistance (7445) did hold and reject the price. Here’s what’s next:

Below 7300 = 7268
Below 7368 = 7200
Below 7200 = 7125
Below 7125 = 7084
Below 7084 = 6900
Below 6900 = 6861
Below 6861 = 6820
Below 6820 = 6664
That should be enough for now.

Ideally, for me, I’d like the price to move to the right and fall off the fan, make a new lower pivot low before attempting a run up, but the price does what it wants.

I also believe that the 4 hour period near the next daily close is important.

I believe that between now and January 15, 2020, Bitcoin will complete it’s bottoming process. I also believe that after February 2, 2020 it will be full speed ahead (upwards).


Let’s take this one step at a time."