Dear Traders,
We find ourselves at a critical juncture in the BTC market. BTC has recently tested the equal highs at 37967 and retraced within this range. The next move is pivotal.
Should the 4-hour chart fail to close above this level, or worse, break below 36867 and sustain below it, it may strongly signal a shift in market sentiment towards a sell model. It's crucial to monitor these levels closely for potential trend changes.
Upon closer examination, we observe various imbalances lower down the chart, which could act as significant pull zones for liquidity. Traders are advised to exercise caution and stay vigilant in response to potential market movements.
As always, please note that this communication is not financial advice. It simply represents my analysis of the charts and current market conditions.
Best Regards,
Lord MEDZ
We find ourselves at a critical juncture in the BTC market. BTC has recently tested the equal highs at 37967 and retraced within this range. The next move is pivotal.
Should the 4-hour chart fail to close above this level, or worse, break below 36867 and sustain below it, it may strongly signal a shift in market sentiment towards a sell model. It's crucial to monitor these levels closely for potential trend changes.
Upon closer examination, we observe various imbalances lower down the chart, which could act as significant pull zones for liquidity. Traders are advised to exercise caution and stay vigilant in response to potential market movements.
As always, please note that this communication is not financial advice. It simply represents my analysis of the charts and current market conditions.
Best Regards,
Lord MEDZ
Comment:
Comment:
Lord MEDZ
I trust this update finds you well amidst the dynamic market conditions. As we observe the current landscape, it's noteworthy that the dollar is presently positioned in a discounted range. This situation hints at a potential reversal to the upside, possibly initiating in the week commencing December 4th.
While we await a structural break in the current downward trend, it's plausible that BTC may experience further expansion to around the 43,000 level. I've set an alert for a long position on BTC at 37,820, incorporating a stop loss at 37,491 and a take profit point at 42,954.
It's crucial to recognize that these observations and actions are not to be construed as financial advice. Markets can be unpredictable, and individual risk tolerance should always guide trading decisions.
Let's stay vigilant and monitor the developments over the period from Saturday, December 2nd, to Monday, December 4th. Wishing you successful and informed trading.
Best regards,
Lord MEDZ