The simplicity of this idea of trading Bitcoin in the moving of the price to the zone 7600-7700 from where the impulse (ii) (iii) is possible up to 8000-8400. While I will take the buyer's position with stop loss below 7200.
But there is a possibility of the formation of sideways movement in the range 7200-7450 where can develop waves (1) (2) and move the price down to the level of 6200-6100 (former support of 2018 year), where we can wait for the price with limit buy orders. There will be panic, because we are at critically low Fear & Greed Index values whole December.
But there is a possibility of the formation of sideways movement in the range 7200-7450 where can develop waves (1) (2) and move the price down to the level of 6200-6100 (former support of 2018 year), where we can wait for the price with limit buy orders. There will be panic, because we are at critically low Fear & Greed Index values whole December.
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