BITCOIN update. 3 Potentials directions ?
Aktualisiert
Important Points :
- If we go under 30k, it's almost a "game over" for the current cycle
- 40k$ level is still holding (so basically, even if a cycle peak for Q1 is now very unlikely, its still possible for Q2 or Q3)
- long positions have been recently massively liquidated. (so now, still interesting to short or liquidate longs ?)
- The level of fear is very high (at a level, where we took the habit to bounce, in the past)
- Max pain price for January is between 50k-55k$ (so we could get above the bullmaket support at the end of the month and continue the move to the upside)
- Do not forget that a lot of big players bought at 30k$ and will defend this price.
- the only reason I see, to witness another dirty wick to the downside would be the necessity for market makers to "unload" the train again, before finally coming back on track. (but at least, not under 30k$)
Time will tell what scenario will play out. I personally trust datas, stats and probabilities more than my own feeling and expectations, and definitely more than people's opinion.
Datas are suggesting there is nothing wrong yet. We have time before panicking ;)
- If we go under 30k, it's almost a "game over" for the current cycle
- 40k$ level is still holding (so basically, even if a cycle peak for Q1 is now very unlikely, its still possible for Q2 or Q3)
- long positions have been recently massively liquidated. (so now, still interesting to short or liquidate longs ?)
- The level of fear is very high (at a level, where we took the habit to bounce, in the past)
- Max pain price for January is between 50k-55k$ (so we could get above the bullmaket support at the end of the month and continue the move to the upside)
- Do not forget that a lot of big players bought at 30k$ and will defend this price.
- the only reason I see, to witness another dirty wick to the downside would be the necessity for market makers to "unload" the train again, before finally coming back on track. (but at least, not under 30k$)
Time will tell what scenario will play out. I personally trust datas, stats and probabilities more than my own feeling and expectations, and definitely more than people's opinion.
Datas are suggesting there is nothing wrong yet. We have time before panicking ;)
Trade ist aktiv
Blue scenario is still on the card.Kommentar
But not anymore ;) Last chance is 30k. Green one is the new hope for bulls.
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