To be honest, I was expecting more action this week, but hey, Mr. Market does what he wants; that's why you have to pay attention to the actions he has or shows more than what he says, I think that applies to people too.
Well, at $BTC we have for #4H (image 1) a momentary loss of bullish strength, watch out, it's what I consider a break from the bullish movement we've had for days, it's important to note that the long or purchase entries in this asset were lower at prices 59500/60500/62000.
So it's going to fall? 😳
No young man🙄, no... the market moves in waves, bitcoin is not a meme.
I would like BTC to stay between the 68400-65800 area, forming a kind of range that invites investors to continue the bull run that we have had since October 10. In 4H we have a negative slope in ADX which indicates a loss of bullish strength within that time frame, we have to wait for said break or consolidation to form so that we can see the price continuing to rise.
On the other hand, at #1D (image 2) we remain positive, that is, ADX with a positive slope indicating strength in its previous movement which is bullish. The thing is that in that area you don't buy or go short... be careful. It's not that because BTC doesn't rise you are going to look for short positions, that is, you don't have to force yourself to operate all the movements of the market... You have to manage and take care of your working capital.
Ultimately I see BTC resting or consolidating within the aforementioned area, if we see a drop or two I would consider it a liquidation, but if we see a drop below 65200 that is sustained, well then things will change.
Currently we are doing well 😎👍🏻, we are bored but well.
For my part my #contratos (image 3) are still in the red, but without a liquidation price, so I have absolutely nothing to fear.