Bitcoin Price Analysis Today January 12 2019


YTD Bitcoin price is slightly down but it is early days.

The overall Donchian Channel is starting to make lower lows and lower highs.

His suggest that there is potentially more downside on the way,

at least for the immediate future.

Although the long term outlook remains very bullish, I have place a small "short order" at 4530,

just below the lower line of the Donchian Channel.

If it get triggers, it will mainly be used as "price watch" or "tracker trade" to stay informed, nothing more.

The real money will be made in the bitcoin price rally... whenever it decide to start.

This is my bitcoin price analysis today and it is not financial advise.

Make sure to follow me on twitter and on social trading platform for updates on all my bitcoin trading activities.

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