12.12.21
0932H
It seems like it will be a cold December.
We may see a few weeks of a downtrend as FUD settles in on all retailers. The BOX TOPs and BOTTOMS are forecasted future pivot points. It is only a matter of time how soon it reaches my possible target entries in orange, again, depending on how FEAR sets in on all RETAILERS.
This is temporary, prepare to BUY LOW, MAJOR trend is still BULLISH for now. It still has to break the lowest entry at USD 30k before we PANIC, LOL!
0932H
It seems like it will be a cold December.
We may see a few weeks of a downtrend as FUD settles in on all retailers. The BOX TOPs and BOTTOMS are forecasted future pivot points. It is only a matter of time how soon it reaches my possible target entries in orange, again, depending on how FEAR sets in on all RETAILERS.
This is temporary, prepare to BUY LOW, MAJOR trend is still BULLISH for now. It still has to break the lowest entry at USD 30k before we PANIC, LOL!
Comment:
BTC still has to retest strong support twice. Good if it breaks so we can enter at a more advantageous price at around USD 30K zone. Also good if it does find enough buyers to retest USD 40K. Do not FUD, just be patient.
Institutional traders will always buy at the most advantageous cost for them. I do think these regulators will and are trying to create all the FUD so they can come in. That is trading life...
Merry Christmas to all!
Institutional traders will always buy at the most advantageous cost for them. I do think these regulators will and are trying to create all the FUD so they can come in. That is trading life...
Merry Christmas to all!
RSI is still high. Institutional traders would want to push for the lowest with their HFTs.
Slightly below or above 40k then it will create a bull trap for 30K low.
When it drops 40K a lot of FUD for a sharp 30k. Maybe?