See original
Ualifi Araújo
--
Bullish
Analysis $BTC 12/12/2024
#BTC, although I was pleasantly surprised with Bitcoin attacking $102,500 today, it wasn't the kind of movement I expected to be honest, see that yesterday I made a drawing in red about a pullback before that, and in fact we came here to do a retest, so I added a green box to the chart, it is in this region that the price should find support and bounce from there.
Now we have the perfect setup to go to $105K, we just need the BUYERS on sight to hold the price here and be able to withstand the selling pressure for the next 4H.
Unfortunately we are already starting to see that several people complain about the price action here, so it means that THEY ARE OVERLEVERAGED and the price cannot oscillate by 2% that makes them uncomfortable, if you can't handle a oscillation of at least 5%, then you are doing it wrong.
The economic data came in reasonable, as I mentioned in a separate post about it, so I won't talk about it here.
Earlier today when we pressed $102K, several Shorts and large Sell Orders were closed in that region, demonstrating that it will not be as well defended as the Bears want to appear.
Of course, we were held hostage by the FED's statements in just over 1 hour, so let's not fool ourselves here, we DEPEND 100% on what will be said there so that we can take a direction here, whether we like it or not, so let's not underestimate each other's intelligence and keep bringing a lot of data unnecessarily, let's just wait and see what is said there.
We did the necessary retest, the RSI gives us some room to jump, we have some good Buy Orders in sight, we have a good chart, we just need good words from the FED... simple!
Either way, I expect us to make a new ATH at $105k before Christmas.
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC, although I was pleasantly surprised with Bitcoin attacking $102,500 today, it wasn't the kind of movement I expected to be honest, see that yesterday I made a drawing in red about a pullback before that, and in fact we came here to do a retest, so I added a green box to the chart, it is in this region that the price should find support and bounce from there.
Now we have the perfect setup to go to $105K, we just need the BUYERS on sight to hold the price here and be able to withstand the selling pressure for the next 4H.
Unfortunately we are already starting to see that several people complain about the price action here, so it means that THEY ARE OVERLEVERAGED and the price cannot oscillate by 2% that makes them uncomfortable, if you can't handle a oscillation of at least 5%, then you are doing it wrong.
The economic data came in reasonable, as I mentioned in a separate post about it, so I won't talk about it here.
Earlier today when we pressed $102K, several Shorts and large Sell Orders were closed in that region, demonstrating that it will not be as well defended as the Bears want to appear.
Of course, we were held hostage by the FED's statements in just over 1 hour, so let's not fool ourselves here, we DEPEND 100% on what will be said there so that we can take a direction here, whether we like it or not, so let's not underestimate each other's intelligence and keep bringing a lot of data unnecessarily, let's just wait and see what is said there.
We did the necessary retest, the RSI gives us some room to jump, we have some good Buy Orders in sight, we have a good chart, we just need good words from the FED... simple!
Either way, I expect us to make a new ATH at $105k before Christmas.
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
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