This analysis is an update to the previous one, which you can find in the related analyses section.
Bitcoin, according to the previous analysis, dropped more than 6% and reached the green zone.
However, lower-timeframe candle action, which does not show strong buyer presence, suggests that the price might hunt this demand to gather more orders before moving upward toward the orange zone (see the dashed arrow).
In any case, wave D is not yet complete, and it is expected to finish wave D.
These are liquidity shortage plays and time correction phases, which make trading harder and increase waiting time.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin, according to the previous analysis, dropped more than 6% and reached the green zone.
However, lower-timeframe candle action, which does not show strong buyer presence, suggests that the price might hunt this demand to gather more orders before moving upward toward the orange zone (see the dashed arrow).
In any case, wave D is not yet complete, and it is expected to finish wave D.
These are liquidity shortage plays and time correction phases, which make trading harder and increase waiting time.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Transaction en cours
We were expecting a hunt of the bottom green box, and this happened, with the price bouncing back upward.⚠️ We previously mentioned that due to low volume and it being the end of the year, we would experience irrational volatility which you can clearly see in the repeated Bitcoin dump and pump moves over the past few days.
The main condition for Bitcoin to turn bullish is a confirmation above $89,203.
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✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.