Bitcoin (BTC): Sharp Start of Dec Does Not Mean Bearish Dec

2 days ago

Bitcoin had a rough start to the month but this does not change a thing for now. EMAs are still far away from the market price and we are looking for the price to recover in a matter of a week or two.

As long as buyers hold the ground around 80K, this is our game plan: long until EMAs ($105K) and then look for a breakout.

Swallow Academy

yesterday

Note

After the deep downside trend we had on the Bitcoin, the price formed a decent market structure break (MSB), which reached the 100EMA and then went for a retest.

Now after the retest we are seeing a decent movement forming and price recovery happening, which can lead the price back to 100 EMA and then possibly break it as well.

Monday was bloody but the rest of the week should be green!

11 hours ago

Note

BTC reached and broke the 100EMA line, where price is in full control of buyers currently (with no signs of weakness so far).

One of our targets is being approached and now we're looking for further movement here to upper zones. So far, looking good.