BITCOIN – next triple guard zone 2980

BITCOIN – next triple guard zone 2980
December 15 15:29 2018

Looks like the triangle baseline bounce for the 1st scenario didn’t happen (purple wave arrow). It break below, saw the big real buy wall around 3200 yesterday and it was taken out + set new lows this morning. It did manage to closed back up to 3224 on 4hr chart but just couldn’t sustain. Buy orders looks weak. Likely continuation of leg down as per the scenario (black wave arrow) testing the whole big number + previous low 298/major support zone + 200 week moving average.

News: (Current) | (Upcoming) CBOE BITCOIN ETF, 29 Dec 2018 (may be extended again to 27 Feb)

Short term moving average (day candle) :
Network Value to Transactions Ratio :105
Total marketcap :100 (almost breaking down 100 mark)
Dominance :55.3
Bitfinex Margin Long/Short Volume Ratio :Margin short rising (almost near to previous multi test point/resistance) together with margin long.
Depth Chart : (S) | (R)
Weekly Timeframe :

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