#ChristmasMarketAnalysis 

$BTC is currently in the Distribution phase. 

“The distribution phase is an emotional time for the markets, as investors are gripped by periods of complete fear interspersed with hope and greed as the market appears at times to be taking off again.” - Investopedia

Price is currently looking for support around ($90,000 - $86,000), before a rebound to the upside ($102,000 - $105,000)..

Before it continues the downward trend to find support around ($74,000 - $68,000).

Confluence with Pivot Point signifies a strong support level.

Tips:

- Price Action is your best indicator on the chart

- Draw levels (Support & Resistance) on the chart, and watch as price reacts around those levels

- Always apply proper Risk management

- Keep  improving your strategy as you learn