#Bitcoin $BTC - Short-term view
1/4
As mentioned in the previous longer thread, I want to see a decisive break of the 52-54k level.
Yesterday, selling came back exactly at 52k. Pretty weak PA, also considering how strong equities have performed these days.
1/4
As mentioned in the previous longer thread, I want to see a decisive break of the 52-54k level.
Yesterday, selling came back exactly at 52k. Pretty weak PA, also considering how strong equities have performed these days.
https://twitter.com/2210ft/status/1474359019288543238
2/4
The break of the downtrend was also not comparable to the last two ones, where we went for an almost 25% uninterrupted move from the breaks of the downtrend + a spike in volume on the moves up (See volume oscillator)
The break of the downtrend was also not comparable to the last two ones, where we went for an almost 25% uninterrupted move from the breaks of the downtrend + a spike in volume on the moves up (See volume oscillator)
3/4
49k needs to hold as higher low in line with previous local highs before the breakout. If 49k goes, I could easily see 47k (SR flip of downtrend) or 45k (prev. lows) incoming.
49k needs to hold as higher low in line with previous local highs before the breakout. If 49k goes, I could easily see 47k (SR flip of downtrend) or 45k (prev. lows) incoming.
4/4
AS mentioned, looks not like the previous breakouts and quite weak PA compared to strong equities. Speaks for further consolidation and not a quick break of 52-54k.
On the other side, this PA might also not mean too much due to holiday season and overall low volume.
AS mentioned, looks not like the previous breakouts and quite weak PA compared to strong equities. Speaks for further consolidation and not a quick break of 52-54k.
On the other side, this PA might also not mean too much due to holiday season and overall low volume.
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