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BlackCrypto4u
Dec 23, 2022 4:18 PM

X-MAS Rally Possible? 

BINANCE:BTCUSDT240
Bitcoin / TetherUSBinance

Description

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A weekend X-MAS rally is possible but look for a strong bearish pullback to quickly follow.

>200 MA look for support before NYSE close
> Rally can be as high as 16960
>4 hour chart is used for analysis 1 day chart shows a bullish signal.

This is a risky trade more than likely a bull trap, but if you have an active position take the above into consideration.

Trend AnalysisBitcoin (Cryptocurrency)christmasrally
Comments
notredamedude3
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Haha "...as high as 16960"? What does the word RALLY mean to you exactly?
BlackCrypto4u
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@notredamedude3, Title might be off thanks for the feedback but I am not suggesting a rally if anything I am suggesting a bull trap.
dependable412
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they're saying time travel is possible as well!
nestorador
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We need to get to 17300 region to grab liquidity left by red imbalanced candle. IMHO, out for trade, waiting for a Long.
BlackCrypto4u
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@nestorador, Would you guess the long will be into play for Jan or late December?
nestorador
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@BlackCrypto4u, check my last idea. That's all I can say. (Entered long, all data in the idea)
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