We are in the Christmas season 🎄, which leads to low volume in operations, therefore it is likely that we will finish the year with movements like those we have been observing. With a kind of consolidation where the price rises a bit and then corrects a little.

I am already seeing posts from "trading gurus", optimists, market maker tools, institutions in search of liquidity, investors with losses needing other novice investors, and many others urging you to buy. I am not saying it is a bad time to enter; we do not know if we are at the beginning of a significant rise. However, I doubt it, as a correction is needed, and the chart shows very short consolidation.

If you are going to enter, be very cautious and do not do so with large capital. I am sure you will be able to find better prices after a potential next drop, which could be deeper.

If you are in profits from having bought low, try to gradually withdraw some liquidity without leaving the market, as we may have a rise perhaps to levels close to recent highs, but no one can be certain.

Possibly the aggressive movement (which could be downwards or upwards) will happen in mid/late January, so we are in a time of much caution.

Remember: Ignore the news, educate yourself, and enter with your strategy or FOMO will lead you to burn your portfolio.

#ChristmasMarketAnalysis