Technical Monthly Report
BTC:
Bullish on the monthly line; look for opportunities to go long below the monthly opening price.
The trend of the monthly low points is getting smaller, which can be observed.
The last two times were getting smaller; I bet this month the spike won't exceed 5%.
So you have a range to know where to bet.
Weekly consolidation is waiting for expansion; consolidation is when attention should be focused.
Weekly consolidation = triangular convergence, so draw out the potential possibilities.
Daily line: The low of 91,000 should signal the end of the daily line pullback.
However, 99,600 is the beginning of the pullback and hasn't broken, so the range is getting smaller.
This means it's converging and consolidating. The low point on 11/29 has also broken, and the daily line has entered a pullback phase, but the low of 91,000 will hold. So it’s clear that it’s currently consolidating and converging. Looking at the daily line from 11/4 to 11/22, the end of the pullback will fall on 12/10. Then, predicting non-farm data on 12/6 will create a monthly low point.
On 12/11, the US CPI will create an expansion, so I expect the low point of the triangular convergence to occur on 12/6 with a price of 92,500. There has been price action there that can be considered for going long, aiming to exit before March 14, and we can see 140,000.
Lazy Package
If the non-farm data on the night of 12/6 drops, just go long directly.
On 12/11, confirm and just go long without thinking.
