BITCOIN [$BTC] 18 DECEMBER 2020

BTCUSD

Pivot Point: (65 day EMA) $16912.25

The long-term trend is considered up when BTC /USD is above the 65 day EMA

Our view: Long positions above (65 day EMA) $16912.25

Comment: BTC /USD remains Bullish above the $16912.25 level—Buy on a pullback into the value zone (area between the 13 & 26 day EMA)

Stop-loss: (26 day EMA) $19163.61

Alternative scenario: Below $16912.25 BTC /USD becomes Bearish, expect further downside to lower levels  

Trading Methodology: Triple Screen Trading System by Dr . Alexander Elder (Pullback Trading Strategy)