Bitcoin (XBT) continues trading within a range.
All the technicals are the same as before, bullish.
We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.
The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.
Better to wait after they make their move to see how the market responds.
Any bullish signals/bias can be quickly/easily negated as soon as they release their numbers and publish their decisions, that's how it normally goes.
If the market does crash, we expect a fast recovery right afterwards.
XBT's short-term support and resistance levels are clearly mapped on the chart.
Namaste.
All the technicals are the same as before, bullish.
We've been having lower highs since 5-Dec. but also higher lows; again, consolidation.
The signals are good but the politicians are likely to crash the market 13-14 Dec. as they usually do.
Better to wait after they make their move to see how the market responds.
Any bullish signals/bias can be quickly/easily negated as soon as they release their numbers and publish their decisions, that's how it normally goes.
If the market does crash, we expect a fast recovery right afterwards.
XBT's short-term support and resistance levels are clearly mapped on the chart.
Namaste.
Trade closed: stop reached
We hit a new high.It actually looks pretty good.
Let see what comes up tomorrow.
Note
Fake breakout.Back within the same trading range from early December.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.