Bitcoin (BTC): Sharp Start of Dec Does Not Mean Bearish Dec

3 dni temu

Bitcoin had a rough start to the month but this does not change a thing for now. EMAs are still far away from the market price and we are looking for the price to recover in a matter of a week or two.

As long as buyers hold the ground around 80K, this is our game plan: long until EMAs ($105K) and then look for a breakout.

Swallow Academy

przedwczoraj

Uwaga

After the deep downside trend we had on the Bitcoin, the price formed a decent market structure break (MSB), which reached the 100EMA and then went for a retest.

Now after the retest we are seeing a decent movement forming and price recovery happening, which can lead the price back to 100 EMA and then possibly break it as well.

Monday was bloody but the rest of the week should be green!

wczoraj

Uwaga

BTC reached and broke the 100EMA line, where price is in full control of buyers currently (with no signs of weakness so far).

One of our targets is being approached and now we're looking for further movement here to upper zones. So far, looking good.

3 godziny temu

Uwaga

BTC is still holding the ground; after a recent push we had on the markets, the price is still holding the ground and not showing any signs of weakness.

Now that second day looks good. What we need is another BOS to form near the local high area, which then would give us further movement to upper zones.