My trading plan to take advantage of the momentum! In all transparency, no bullshit, no AI.
NB: If you like this, and it helps you, feel free to thank me with a like, follow, and share!
I will try to keep it simple, and I apologize for not being able to share this with you earlier due to the Christmas holidays!
1. The drop of BTC took the market down, as usual, we had several signs of a possible recovery which was confirmed with a double bottom at the 92.5k-92k level.
2. A slowdown in the drop with two breakouts of the downward tangent from the north (purple lines)
3. A short-term contraction in an ascending triangle (green triangle)
4. A powerful bullish bounce, which crossed the first daily imbalance to settle into the one further north.
5. On the hourly view (H1) we have an indication of an inverted head and shoulders which would give an extension upwards towards 100.5k and would confirm the current imbalance and then look for the imbalance towards 102-105k.
My expectations: Cycles 1-5. With a next target and opportunity to Sell High Buy Low in the imbalance zone 105k-102k.
Be careful, this movement will only be possible if we do not lose the imbalance 98-100k.
My BTC sentiment
- short term bullish
- long term: uncertain, reaching and exceeding 108.3k will determine whether the bull run continues or not (very possible)
NB: If you like this, and it helps you, feel free to thank me with a like, follow, and share!
What do you think? I respond to your comments!
