BITCOIN | Possible Short-term BUY Opportunity!

Hi,

Happy New Year my dear followers, wishing you 12 months of success, 52 weeks of laughter, 365 days of fun, 8760 hours of joy, 525600 minutes of good luck and 31536000 seconds of happiness. ;)

I cannot make any deep analysis but I determined a pretty decent buy area. After quite quiet holidays the price has reached to the possible short-term buy area.

Green-short-term-reversal area consists of:
1. Channel projection
2. AB=CD
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extension 127%
5. The round number of $7,000 adds a bit strength to the reversal area.
6. Previously worked support level.
7!! Wait for a bullish candlestick pattern. You can wait for it from 1H+ timeframes and if you cannot determine it then do not take this trade!


Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!

Regards,
Vaido

Comment:

UPDATE: The current 1H candle close above 7k and this trade are valid because we get a Morning Star on 1H chart!

Trade closed: target reached:

A textbook "Bullish Engulfing" on the 1H chart and the major target is done!
Hopefully, you start to get why I say almost every time: "wait for a candlestick pattern and let the price action guides you into the trade!"

Happy New Year!

Comment:

New BTC analysis, fresh thoughts, fresh patterns:

Regards,
Vaido