Imo, zooming out to the daily the current bitcoin PA is a bit concerning. Although I am personally holding large bags from 10k where I bought agressivley I must accept that for now things remain in a neutral to downward posture. If Bitcoin can gain momentum above the uptrending purple S/R line my hopes will lift. I am bullish on bitcoin long term but current PA makes me believe we might have a long and cold christmas break ahead. Tradionally bitcoin has made large moves in the fall/winter season and I am personally hoping we reasume our bullish ways very soon. For now I must remain neutral.
Red Boar
Red Boar
Comment:
If this was the only chart you had traded since the start of november you would be in heavy profit. Sometimes simpler is better...GG
Comment:
Very happy with how this has played...a breakdown into fud area at this point is unlikely but I would heavily long. all the best