My trading plan #BTC #bitcoin to take advantage of #ReboundRally ! In all transparency, no bullshit, no AI.
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I will try to keep it simple, and sorry for not being able to share this with you earlier with the Christmas holidays!
1. The fall of BTC took the market, as usual, we had several signs of possible recovery which was confirmed with a double bottom on the level of 92.5k-92k.
2. A slowdown in the fall with two breaks of the bearish tangent to the north (purple lines)
3. A short-term contraction in an ascending triangle (green triangle)
4. A powerful bullish rebound, which crossed the first daily imbalance to settle in the one further north.
5. In hourly view (H1) we have an indication of an inverted head and shoulders that would give an extension to the upside towards 100.5k and confirm the current imbalance and then seek the imbalance around 102-105k.
My expectations: Cycles 1-5. With a next target and opportunity to Sell High Buy Low in the 105k-102k imbalance zone
Be careful, this movement will only be possible on condition of not losing the 98-100k imbalance.
My $BTC sentiment
- short term bullish
- long term: uncertain, reaching and exceeding 108.3k will determine the continuation or not of the bull run (very possible)
NB: If you like it, and it helps you, do not hesitate to thank me with a like, follow and share!
What do you think? I answer your comments!