So, what will be there under the tree for the New Year? We think the Bitcoin for 3500.
The cause is a fractal that has been worked out more than once and very clearly: a downward channel is formed, the price beats off from the upper border, goes to the bottom, then again to the top, falls from it to the middle of the channel, rolls back to the top and only then goes to the bottom. You can look at the past price behavior in the period from November 30 to December 11.
Volumes ... Where do without them? Them simply don't. Volumes are as small as during the previous movement in the channel in the above period. Everything is typical and everything converges.
Indicators are trying to confuse, but they are more looking down. Especially 1D and smaller: 1H and 30M.
MACD is generally tired of showing the someone's strength, so it just lay down to rest. Although, in fact, if this indicator doesn't show the superiority of at least someone, it will appear very soon, and, usually, it appears along a trend. That is, bears will jump out.
In general, everything still indicates short, but with averaging at the upper boundary and a stop for 3940.
Happy New Year, friends!
The cause is a fractal that has been worked out more than once and very clearly: a downward channel is formed, the price beats off from the upper border, goes to the bottom, then again to the top, falls from it to the middle of the channel, rolls back to the top and only then goes to the bottom. You can look at the past price behavior in the period from November 30 to December 11.
Volumes ... Where do without them? Them simply don't. Volumes are as small as during the previous movement in the channel in the above period. Everything is typical and everything converges.
Indicators are trying to confuse, but they are more looking down. Especially 1D and smaller: 1H and 30M.
MACD is generally tired of showing the someone's strength, so it just lay down to rest. Although, in fact, if this indicator doesn't show the superiority of at least someone, it will appear very soon, and, usually, it appears along a trend. That is, bears will jump out.
In general, everything still indicates short, but with averaging at the upper boundary and a stop for 3940.
Happy New Year, friends!
