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
Giao dịch đang hoạt động
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.
✅ 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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
✅ 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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.