Forex BTC/USD Daily Video, December 10, 2018

[Sive Morten]

Good morning,

BTC again takes new attempt of pullback, but now it looks like retracement, so selling will be easier than buying, guys...



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Ahmed El-Shazly]

Thx Sive.

Do you think that Drpo buy is on in the daily timeframe?

Could that last daily drop be considered as wr?

 

[Sive Morten]

Thx Sive.

Do you think that Drpo buy is on in the daily timeframe?

Could that last daily drop be considered as wr?

Hi Ahmed,
Initially it was possible, but now price behaves too heavy and chances are very small that we will get DRPO. It seems that new leg down stands ahead...
Definitely this is not W&R. After W&R market has to show fast return back. But here we have drop and hold below the lows.