Will we get #XmasCryptoMiracles this year? #Bitcoin #BTC ?
Continuation of our Bitcoin updates.
1. Invalidation of the trading plan with the reject upper bounds then lower bound of the 1D imbalance between 98k and 100k
2. Reintegration of the 1D imbalance lower between 95 and 97k
3. Market indecision.
How to position yourself? It's according to your feeling. The lack of volume increases volatility.
Monitor if it breaks down and sell if $BTC breaks 94850. Otherwise buy if it rebounds and even more if it breaks 96850 from above.
Such a strong rise remains just as possible, however it will also be necessary to analyze whether this "lower high" would not be a dead bounce
cat announcing an end to the bull run.
In the event of a breakout from below, the downward targets are the lowest at 89k then the imbalance between 85k and 81k. In which case the question of the end of the BR would arise.
Stay vigilant at the moment and think about hedging.