Bitcoin To Make A Massive Decisive Move Soon!

Bitcoin technical analysis tracking update.

Stochastic RSI - stand aside until there is clear trend reversal:
Daily - Overbought (Limited upward movement).
Weekly - Oversold.

Fundamentals:
Watch out for Dec 1-2, 13 (Fed data).
On December 01 , Fed Chairman Powell speech on the U.S. economic outlook and job market.
On December 2, the United States Unemployment Rate data for November.
The probability of a 50bps rate hike on December 14 is currently 75%.

Noteworthy:
The trend is your friend; Identify the trend, ride the trend;
Once you get risk free, ride the trend until it end and reaches its bend.

No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor.

Do not forget the historical wise saying, "Never invest more than you can afford to lose."

Not a financial advise, I suggest using this only as a guide - Do your own research.

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Comment:

Bitcoin is bullish on weekly time frame but still bearish on daily time.
A possible retracement expected before a major rally.
Stochastic RSI:
Weekly - Bullish;
Daily - Bearish;

Fundamentals:
Watch out for Dec 13 (Fed data) - The crypto market anticipating a 50bps rate hike.

Comment:

Watching CPI data impact on #Bitcoin price.
Now we will wait for the noise to settle and then look for high probability set ups over the coming days.

Comment:

BTC update:
Stochastic RSI: Stand aside until there is clear trend reversal:
Monthly - Oversold/Bullish (sideway-trend);
Weekly - Bullish;
Daily - Bearish (Limited downtrend);

Risk Management:
Safer to wait for the noise to settle and then look for high probability set ups over the coming days.