First of all, Happy new year to you all. Weather you are trader, investor or you just like to be here, i wish you all successful year (even though stock market will collapse in 2022 haha) good health and loving things. Now to the BTC.
As far as my last idea goes for BTC i still think we will form a new bottom eventually, but before we do btc still has to decide where it wants to go first. We could just collapse from here or we revisit 55k area (yellow box), provided that we don't get rejected on the way up again (orange/blue box).
Short squeeze is still in the cards, just don't take this to the bank.
Alt season is just arround the corner as BTC dominance keeps tanking. That does not mean it could still spike up a bit before going down even further. Great news for alts is all i am gonna say.
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
BTCUSDT
As far as my last idea goes for BTC i still think we will form a new bottom eventually, but before we do btc still has to decide where it wants to go first. We could just collapse from here or we revisit 55k area (yellow box), provided that we don't get rejected on the way up again (orange/blue box).
Short squeeze is still in the cards, just don't take this to the bank.
Alt season is just arround the corner as BTC dominance keeps tanking. That does not mean it could still spike up a bit before going down even further. Great news for alts is all i am gonna say.
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
BTCUSDT