My previous analysis was bullish update, where I posted my view that is most likely about to play out. BUT there is one CRUCIAL part and that is January close. If we cant make january close above 43,8k, 2022 will be mostly very boring year - that could be quite good for swing traders, but not so much for hodlers and moonboys, cos we will be ranging between 35k (max 32k) to 60k USD. The mid of this range is about 46k - open price of this year and PoC of previous move. In ranging context, this will continue to be the important level for HTF bounces.
I think the chart is pretty self-explanatory:
1. Slow accumulation around 35k (must-long area)
2. Then rise towards 46k and later 60k (again - must short area)
3. Slow decline towards 46k a nd maybe lower (probably 2023)
As I described, this would be VERY BORING year if january closed below 43,8k. Anyways, the main thing is to have a plan in place and follow it. I have a bullish and bearsih based only on Jan. close.
Hope this helps
Stay safe
Andy
I think the chart is pretty self-explanatory:
1. Slow accumulation around 35k (must-long area)
2. Then rise towards 46k and later 60k (again - must short area)
3. Slow decline towards 46k a nd maybe lower (probably 2023)
As I described, this would be VERY BORING year if january closed below 43,8k. Anyways, the main thing is to have a plan in place and follow it. I have a bullish and bearsih based only on Jan. close.
Hope this helps
Stay safe
Andy