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CRain1989
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SOS Update $BTC night 18/12 before G hour:
• Long brothers are quite confused at this time, so I am giving my personal opinion for brothers to reference through the current BTC price.
- 1D frame: BTC has just created a red candle that fell through the 105k zone, which is quite bad. Forming a bearish reversal candle pattern.
However, it has tested the strong resistance area of 103k and is reacting very well in price.
- 1H frame: After BTC tested 103k twice, specifically 103000 and 103500, it is forming a nice bullish pattern in a smaller frame.
=> Personal opinion:
- Theoretically, according to the smaller 1H frame, BTC can completely recover to the 106k zone => pulling the green wick of today’s candle.
- According to the D frame, BTC is in an uptrend, so it may strongly bounce from this 103k zone if it successfully pulls the green wick tonight.
- So if anyone is holding a Long position in the 105-106 zone, tonight will be a bit sleepless, set stop-loss at 103500. If it hits, then that's it. If not, BTC will rise very quickly from this 103-104 zone.
- If BTC ends the daily candle without pulling the green wick, just hovering around 104-105, then consider cutting at the best price and re-entering in the 101-102 zone.
• Long brothers are quite confused at this time, so I am giving my personal opinion for brothers to reference through the current BTC price.
- 1D frame: BTC has just created a red candle that fell through the 105k zone, which is quite bad. Forming a bearish reversal candle pattern.
However, it has tested the strong resistance area of 103k and is reacting very well in price.
- 1H frame: After BTC tested 103k twice, specifically 103000 and 103500, it is forming a nice bullish pattern in a smaller frame.
=> Personal opinion:
- Theoretically, according to the smaller 1H frame, BTC can completely recover to the 106k zone => pulling the green wick of today’s candle.
- According to the D frame, BTC is in an uptrend, so it may strongly bounce from this 103k zone if it successfully pulls the green wick tonight.
- So if anyone is holding a Long position in the 105-106 zone, tonight will be a bit sleepless, set stop-loss at 103500. If it hits, then that's it. If not, BTC will rise very quickly from this 103-104 zone.
- If BTC ends the daily candle without pulling the green wick, just hovering around 104-105, then consider cutting at the best price and re-entering in the 101-102 zone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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