Just wanted to share the actual Bitcoin situation.
On December 1st, Bitcoin made a new high; great volume but not proportional to the candelstick size, so we already knew that the bullish trend would not last longer; then the correction gave us a few spikes that are taking the shape of a triangle.
So, we expect to see a few more corrections inside the channel with great volume and great green candles, before the new highs, as the support line has been hold with high volume since November.
(This thesis is based on the analysis of trends, price action, volume and moving averages)
And exactly the last ones are showing a short market as the MA20 crosses downwards the MA50.
And when it comes to entries; we could have taken a few entries on the 1m timeframe (orange arrows)(The link of the entries are in the link below, as Tradingview does not allow to upload an idea in the 1m timeframe)
(The entry we are talking about: tradingview.com /x/wTFFfEUl/ )
As always,
have the best of your days.
Best regards,
Fernando_132.
On December 1st, Bitcoin made a new high; great volume but not proportional to the candelstick size, so we already knew that the bullish trend would not last longer; then the correction gave us a few spikes that are taking the shape of a triangle.
So, we expect to see a few more corrections inside the channel with great volume and great green candles, before the new highs, as the support line has been hold with high volume since November.
(This thesis is based on the analysis of trends, price action, volume and moving averages)
And exactly the last ones are showing a short market as the MA20 crosses downwards the MA50.
And when it comes to entries; we could have taken a few entries on the 1m timeframe (orange arrows)(The link of the entries are in the link below, as Tradingview does not allow to upload an idea in the 1m timeframe)
(The entry we are talking about: tradingview.com /x/wTFFfEUl/ )
As always,
have the best of your days.
Best regards,
Fernando_132.