BTC heading towards new all time high

Just a reminder that BTC price can be very volatile while going up in parabolic style. This night we already experienced 6% dump (dips bought out). Open chart on November-December 2017 too what moves we may expect this season. Same day it retraced by 6% just as today. On November 29th it dumped by 25% in less then 4 hours. Recovered in 4 days and made another 129% up.

Writing all this to warn from high leverage trades and mindless stops. High leverage possible only to catch breakouts, but since every breakout can end up with monster dump, none of these trades should be left without monitoring. And stops... now is the season for stops hunting - most probably none of your stops will save you from losses as after it is triggered, price will come back and grow for more.

And finally here is my favorite month chart with bit picture clear.

Have a great day!

Comment:

Comment:

📉 Daily Bitcoin chart review 📈

Bearish divergence formed at daily chart. Momentum turning down. Same expectations as in Friday review - no pump until we see a big spike in volume on one of the dips. And we have seen none yet. Won't be surprised it that dip will hit CME gap range between 17015 and 18275.

D05: AC ⬆️🔻 AO ⬆️🔻
D04: AC ⬆️🔻 AO ⬆️⬆️
D02-03: AC ⬆️⬆️ AO ⬆️⬆️

🟥 19380 - 19700 - 20000
🟩 18600 - 18440 - 18200

Comment:

Time to short it.